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.
From January to August 2009, sales of goods dropped 5.8% when compared to the same period of 2008.
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.
Businesses reported $2.8 billion in taxable sales in February, 3.7% less than during the same period last year.
Due to the economic crisis, various sectors of the economy closed this March with lower sales than those in March 2008.
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