Lower Consumer Sales in Guatemala

Despite commercial efforts in promotions and discounts, consumer sales were down 4.3% in the first half of the year.

Wednesday, July 22, 2009

Commerce will shrink 1.5%, mainly because the 29% drop in imports, informed the Central Bank of Guatemala.

"Lack of customers has forced businesses to sell cheaper, reducing profits...", said César Estrada, president of the Chamber of Commerce and Services, in an article in Elperiodico.com.gt.

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Sales of Goods Fall in Guatemala

September 2009

From January to August 2009, sales of goods dropped 5.8% when compared to the same period of 2008.

Data from the Tax Authority (SAT) shows that with the exception of January and April, monthly data has been always negative.

"Sales of services show a similar trend, albeit less steep...", reported Elperiodico.com.gt.

Automobile Imports Down 61% in Guatemala

March 2009

In February 2009, 1,156 new cars were imported, a drop of 61.5% when compared to the 2,927 new cars imported in February 2008.

With regard to used vehicle imports, the decrease during the same period was 31.5% because 5,613 units were imported in February 2009 and there were 8,200 during the same period in 2008.

Guatemala: Commerce Sales Drop

March 2009

Businesses reported $2.8 billion in taxable sales in February, 3.7% less than during the same period last year.

In the services sector, there was a 6.1% reduction, from $887 million in February 2008 to $838 million during the same month this year.

According to elPeriodico of Guatemala, the President of the Chamber of Commerce, Jorge Briz said that "the devaluation of the quetzal is taking away from household purchasing power which then reduces consumption, and he expects that this sales trend will continue."

Nicaragua: Sales Continue Downward Trend

May 2009

Due to the economic crisis, various sectors of the economy closed this March with lower sales than those in March 2008.

The data presented by the Superior Council of Private Enterprise (COSEP) reported a slowdown in sales during the first quarter when compared with the same period in 2008.

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