Optimism in Panamanian Businessmen
79% of the 161 companies surveyed expect an increase in revenue this year compared to last year.
Thursday, February 3, 2011
This is reflected in the Business Survey conducted by the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP), noting also that 69% of companies could do some investment this year.
63% of 141 surveyed companies expect to generate more revenue in 2010 than they did in 2009.
The slow opening of the telecommunications market and the exchange rate are key factors in the decline in business confidence over the previous quarter.
The Business Confidence Index rose to 4.94 (in a scale of 1 to 10), a 35% increase when compared to the previous quarter.
In the second of Deloitte's 'Business Barometer Surveys' companies are shown to be less enthusiastic than four months ago.
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