The economy of Costa Rica advanced 1.5 percent year-on-year in March 2019, slowing from a 2.9 percent expansion in the previous month. Output shrank in agriculture, forestry & fishing (-8.3 percent from 3.1 percent in February); manufacturing (-0.1 percent from 3.6 percent); and public administration (-0.1 percent from 0.7 percent). Also, mining activity contracted further (-6.8 percent from -4.5 percent) and growth eased in transportation & storage (0.6 percent from 2.9 percent); and real estate (2.1 percent from 2.6 percent). Meanwhile, output rebounded in hotels & restaurants (1.7 percent from -0.4 percent). Leading Economic Index in Costa Rica averaged 3.92 percent from 1992 until 2019, reaching an all time high of 14.80 percent in March of 1992 and a record low of -5.80 percent in April 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.