In November of 2007 the Consumer Confidence Index increased by almost 58 points a note worthy rating. However, in just nine months this figure dropped dramatically to 31.6, the lowest rating since September 2002.
Among the reasons to justify this phenomenon are the food and real estate crisis in the United States, high oil prices, the sharp variations in the exchange rate against the dollar and high inflation which the Central Bank expects to be 14% by the end of the year.
The Consumer Confidence Index in Costa Rica remained unchanged from February to March.
Developed by the University of Costa Rica (UCR), the Consumer Confidence Index stood at 53.5 in May, down from 54.2 in February (the scale goes from 0 to 100, anything over 50 implies a favorable outlook).
As of June, the consumer confidence index was 114.9 points, 8.3 points higher than that of the previous month (106.7).
The General Manager of The Marketing Group, the company in charge of conducting the survey along with the Chamber of Commerce, expressed that “future consumer confidence related to home and country situation, appears to be positive, due to the hopes that Panamanians have for the next government.”
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