During the first half of the year there was big growth in imports, while for the second half growth slowed, this is reflected in domestic sales taxes and customs sales and domestic consumption resulting from the overall slightly slower national economy.
The imports that slowed are machinery, equipment, raw materials, and this indicates that companies are buying fewer resources to produce and also indicates that inventories have accumulated. But we are seeing economic growth still higher than in the last quarter of 2011.
Even though the indicators shows a slowdown, the average annual growth rate stands around 5.9% and projections for 2012 year end economic growth in 2012 will be at the 5.0% mark.
The Costa Rica News (TCRN)
San Jose Costa Rica
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