Costa Rica: Index of Business Confidence Drops 26%
The study is related to the quarterly survey "Business Pulse" by the Costa Rican Union of Chambers and Associations of the Private Business Sector.
Tuesday, February 24, 2009
El Financiero, in its website, publishes: "The consumer confidence [index] measures the expectations for the first quarter of the year (January, February, and March). The score is measured from 0 to 10 in five categories: poor (0 – 2.5), same as poor (2.5 - 5), same (5), same as well (5 - 5.75) and very well (7.5 - 10). The sectors in which the decline in confidence was greatest are commerce and tourism."
The business confidence index calculated by the "Business Pulse" survey reached its lowest level in the last two years, with negativity being felt in the services and construction sectors in particular.
The slow opening of the telecommunications market and the exchange rate are key factors in the decline in business confidence over the previous quarter.
Companies remain cautious on a potential economic recovery.
Given the current economic climate, distrust and pessimism has taken over Central American Business.
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