Construction Machinery Demand Continues Downward

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.

Tuesday, May 24, 2016

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.

"... Alonso Bogantes, general manager of Maquinaria y Tractores (Matra), said the sector needs public works in order to regain lost ground, after the 2008 crisis. He noted that in 2015 agricultural machinery had barely recovered the sales levels of 2008, with almost 800 units. "

Gurdián Jaime Moreno, president of Agrosuperior and manager of the Agromec division, told that because of the situation in the agricultural sector "... we are not seeing expansions, but there is growth in sales of spare parts and demand for services, indicators that maintenance is being done to machinery rather than replacing it."

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