The economy of Costa Rica advanced 1.6 percent year-on-year in July 2019, following a downwardly revised 0.2 percent expansion in the previous month. Output increased further in manufacturing (4.3 percent from 3.7 percent in June); transport & storage (1.9 percent from 1.4 percent); financial activities & insurance (3.4 percent from 1.5 percent);
real estate (2.9 percent from 2.5 percent); professional services (3.2 percent from 2.4 percent); and education (3.2 percent from 2.6 percent). Leading Economic Index in Costa Rica averaged 3.86 percent from 1992 until 2019, reaching an all time high of 14.80 percent in March of 1992 and a record low of -5.90 percent in February of 2009.
Leading Economic Index in Costa Rica is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Costa Rica to stand at 3.50 in 12 months time. In the long-term, the Costa Rica IMAE is projected to trend around 3.60 percent in 2020, according to our econometric models.