Salvadoran Industries Report Lower Sales

Up to and including November, 2008, industry sales fell 36.1% due to lower demand for products.

Friday, February 27, 2009

Jorge Arriaza, executive director of the Salvadoran Association of Industrialists (ASI by its initials in Spanish), told Laprensagrafica.com: "This is shaping up as a difficult year for the sector. We believe that we are going to grow by 1.5%, which is quite low. Last year, we grew by 2% and we believe that the recession is going to have an impact throughout the year. The IVOPI (Industrial Production Volume Index) has dropped to 3%, a strong downward trend in production as a result of the decline in consumption."

More on this topic

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.

El Salvador: Industrials Expect Price Increase

March 2011

Due to consequences from Japan´s earthquake, manufacturers expect an increase in price of plastics, chemicals, oil, iron and steel.

The executive director of the Salvadoran Association of Industrialists (ASI), Jorge Arriaza, stated it is still unknown at which rate the increase would affect the Salvadoran industry.

Lower Consumer Sales in Guatemala

July 2009

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

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.

Industry Balance 2012 in El Salvador

December 2012

Salvadoran industrialists have asked for the establishment of a long-term strategic agenda for the nation, in an environment of legal stability and respect for institutions.

A statement from the Salvadoran Association of Industrialists (ASI) reads:

The Salvadoran Association of Industrialists (ASI) has unveiled a balance on the performance of the manufacturing industry in 2012, which contains a breakdown of the different productive sectors.

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