Business Survey in Guatemala

Six out of ten companies surveyed have reduced their production due to the economic crisis.

Friday, June 26, 2009

According to the XLI Business Survey conducted by the Association of Research and Social Studies (Asies), businesses' productive outputs are at their lowest levels in the last 10 years.

Lorena Álvarez writes on the website Elperiodico.com.gt: “The businesses surveyed report a reduction in their revenues, a situation that primarily affects factories and companies that provide services to households due to families reducing their expenses.”

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56% of Guatemalan companies reduce their production

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56% of the 893 companies that were surveyed said that they had reduced their production in October, compared to the same month last year.

This is according the results of the 39th Business Survey carried out by the Association for Investigation and Social Studies (Asies).