Guatemala: Demand for industrial products drop
The level of consumption in the sector has fallen between 15 and 25%, as a result of the decrease in exports and a smaller local demand.
Friday, February 6, 2009
Elperiodico.com.gt reports: "The most affected industries are food and beverages, maquila, plastics, and construction, including some materials used by that sector, added Ernesto Morales, president of the Federation of Small and Medium Business (Fepyme). He agrees that the impact on sales has been a 20% drop. Sales have not been the same since December as they were in previous years," he explained."
Foreign sales of electronics and the electrical sector fell by 19%, 3.6% in the food industry, 2.4% in the chemical and pharmaceutical industry, 9.2% in textiles, 7% in paper and cardboard, and 1.8% in rubber.
Up to and including November, 2008, industry sales fell 36.1% due to lower demand for products.
The union has projected growth of 4.4% in 2017 and is counting on attract more foreign investors to partner up with local entrepreneurs to promote the development of industrial activity.
The National Coffee Council has proposed adding value to coffee by developing infrastructure for roasting and grinding the grain.
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