The economy of Costa Rica advanced 1.7 percent year-on-year in January 2019, following a 0.6 percent expansion in the previous month. Output rebounded in manufacturing (1.3 percent from -1.7 percent in December) and construction (2.7 percent from -9.4 percent). Additionally, output rose further in information and communication (5.1 percent from 3.4 percent); utilities (3 percent from 1.5 percent) and education and health (2.7 percent from 1 percent). On the other hand, growth slowed in transportation and storage (0.6 percent from 1 percent); hotels and restaurants (3.3 percent from 4.1 percent); finance and insurance (6.1 percent from 7.2 percent); real estate (1.5 percent from 2.3 percent) and public services (0.7 percent from 1.5 percent). Leading Economic Index in Costa Rica averaged 3.97 percent from 1992 until 2018, reaching an all time high of 14.70 percent in March of 1992 and a record low of -5.70 percent in April of 2009.
Leading Economic Index in Costa Rica is expected to be 3.50 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.