Costa Rica: Little Optimism for 2015

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.

Thursday, November 27, 2014

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

• 6 out of 10 companies have faced significant increases in production costs over the last year.
• Over 60% have ruled out generating jobs and new investment.

Increases in production costs and the absence of an agenda which aims to improve the business climate of the country, is causing the business sector to close the year with a drop in confidence. This was revealed by the latest measurements in the Quarterly Survey of Business "Business Pulse" by the UCCAEP, for the fourth quarter of 2014.

The Business Confidence Index (IEC), which measures expectations for the fourth quarter of the year compared with the same period last year, fell from 6.2% to 5.9%; equivalent to a contraction of 5%. 61% of respondents agreed that in the last 12 months there were factors which increased production costs significantly. Of these, 31% said that the factor which has raised production costs the most is the price of electricity, even more than the price of fuel or wage increases.



More on this topic

Business Confidence Remains Stagnant

August 2018

In Costa Rica, the private sector is recommending that the Alvarado administration implement effective measures to reactivate the national economy and a plan to recover the country's competitiveness.

Entrepreneurs are not very optimistic about the development of their businesses in the coming months, since when comparing the business confidence indicator of today (6.2) with that of a year ago (6.4) it can be seen that it is at the same level as twelve months ago.

The Worries That Keep Businessmen Awake At Night

February 2018

The high cost of energy and the fiscal deficit are two of the problems that worry companies in Costa Rica, who also face an uncertain political scenario, a few weeks to go before a second round of elections.

With a month and a half to go before a second round of elections, Costa Rican businessmen highlighted a difficult year in terms of job creation and attraction of new investments.

Business Confidence in Costa Rica Still Falling

September 2014

The results of the Quarterly Business Survey highlighted that 78% of companies are ruling out making new hires this year.

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

78% of companies rule out new hires this year

Costa Rica: Business Confidence Down 10%

May 2014

The business confidence index calculated by the "Business Pulse" survey reached its lowest level in the last two years, with negativity being felt in the services and construction sectors in particular.

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep):

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