In Costa Rica the scarce inventory of public works projects and reduced activity in the agro industry is affecting sales by distributors of construction equipment and agricultural machinery.
Data from the latest report on the economic situation recorded an annual fall of 3.5% in activity in the construction sector and 0.20% in the agricultural sector. This data explains the discouraging results in machinery distribution companies, which have been slow since 2015.
Fewer construction projects for public works, large private works and low demand in the agricultural sector, are forcing companies to try to diversify markets.
Although it is expected that with the public infrastructure projects recently announced by the government the construction sector will start to recover, suppliers of agricultural and construction machinery predict a decrease due to production problems and declining projects.