Consumer confidence in Costa Rica falls

A study done by the University of Costa Rica says that the current and future outlook of Costa Ricans is worst since 2002.

Friday, August 29, 2008

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.

More on this topic

Costa Rican Consumer Confidence Remains Unchanged

May 2010

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).

Costa Rica: Consumption Slows

July 2011

Distrust by households about the economic future is slowing the growth of consumption.

The projections on consumption behavior made by the private sector for this year differ from government authorities.

A joint study by Unimer and El Financiero indicate that Costa Rican household consumption will grow 3.3% by the end of 2011, less than the 4.3% forecast by the Central Bank of Costa Rica.

Guatemala: Consumer Confidence Drops

September 2009

The consumer confidence index dropped 18 points when compared to May.

This index, measured by The Marketing Group, dropped to 71 from 89, where it was in May, signaling further deterioration in consumer confidence.

"Households are pessimistic regarding the economic situation for the next 12 months, and they are trimming their expenses, anticipating lower income.

Confidence Index Improves in Panama

June 2009

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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