Panamanian Consumer: Confidence Improves at a Slow PaceDuring March 2021, the Panamanian Consumer Confidence Index increased 2% with respect to the level reported in January of this year, this slight increase is reported in the context of the economic reactivation process of local production.Friday, April 9, 2021
According to the survey conducted by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), in strategic alliance with The Marketing Group, expectations on the probability of saving money decreased 3 percentage points, presenting a result of 75 points, below the equilibrium point, for the measurement of March 2021, so it remains at levels of marked distrust. ¿Busca soluciones de inteligencia comercial para su empresa?Business, Mistrust and UncertaintyJanuary 2021 Although the restrictions imposed by the pandemic have been relaxed, consumers continue to show signs of mistrust in the current situation, behavior that could put pressure downward on spending on products and services considered to be discretionary. Business Expectation Improves, but Not EnoughNovember 2019 Between the third and fourth quarters of the year, the Global Expectations Index reported a 6% increase in Costa Rica, but still remains in pessimistic territory. When Confidence DisappearsSeptember 2019 Business confidence in Costa Rica fell in the third quarter to levels reported in 2009, a year marked by the global financial crisis, and in consumer’s pessimism has also rebounded, because no effective and short-term measures are perceived that tend to reactivate the national economy. Economic Challenges AheadFebruary 2019 The pessimism expressed by consumers in Costa Rica and the constant deterioration of business expectations in Guatemala reflect part of the complex challenges faced by Central American economies this year.
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