Best Business Outlook for the 2nd Quarter

In Costa Rica, between the first and second quarter of the year, the Global Expectations Index reported a 5% increase, explained by an improvement in the prospects of almost all productive sectors.

Tuesday, April 30, 2019

From the total number of businessmen who replied to the survey, approximately 70% do not anticipate changes in the hiring of labor, 13% expect increases and 17% expect reductions, according to the report prepared by the University of Costa Rica.

The document explains that "... It is observed that in all sectors, except agriculture and services, there are more favorable prospects for hiring labor, being greater in construction and trade where the balance between these two quarters is 9.1 and 8.1 percentage points, respectively.

It is important to note that the overall level of this quarter is similar to that of the previous quarter. For a longer period, if we compare the global balance of the second quarter of 2019 with the same quarter of previous years, it is 13.6 percentage points below the average of the last nine years (penultimate column); with respect to the average of previous years, all sectors have lower levels, being particularly agriculture and trade those that decrease the most (last column). The most optimistic businessmen of the construction sector indicate that they expect to increase their payroll by the demand for projects that are being executed during these months of the year and by the performance that has had the activity in the last months of the previous year.

Manufacturing businessmen expect increases in their payroll because of expected local and external demand. Also, businesspeople mention internal factors such as restructuring and opening new branches

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More on this topic

Business Expectations Fall 9%

July 2019

In Costa Rica, between the second and third quarters of the year, the Global Expectations Index reported a decline of 9%, explained by a deterioration in the prospects of all productive sectors.

Regarding the previous quarter, the fall in the general optimism of businessmen originates in the weakening of the indices of services, manufacturing, trade and construction and to a lesser extent, agriculture, explains the report prepared by the University of Costa Rica.

Business Expectations at Historic Low

May 2018

In Costa Rica, between the first and second quarters of the year, expectations of business leaders fell by 4%, registering the lowest value in the last eight years.

The Research Institute of Economic Sciences at the University of Costa Rica reported that " ... The result of the global index of business expectations reveals in general terms that the optimism of business leaders weakened by 2.3 percentage points compared to the previous quarter, standing at 51.3 ... ".

Guatemala: Economic Expectations Continue to Decline

February 2018

As of January 2018, the Confidence Index of Economic Activity fell 31% with respect to the same month in 2017, reinforcing the downward trend registered since last year.

During the first month of the year, economic expectations varied compared to those collected in December 2017, as 2018 is expected to close with an inflationary rhythm of 4.9% (last December the expectation stood at 4.5%) and with the Real Gross Domestic Product registering growth of 3.1% (in the last month of 2017 an increase was estimated for 2018 of 3.2%). 

Costa Rica: Little Optimism for 2015

November 2014

Business confidence is still falling with complaints being made about the absence of an agenda which aims to improve the business climate in the country.

From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Business confidence falls at the end of the year

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