According to the Consumer Confidence Survey conducted during August 2020 by the School of Statistics of the University of Costa Rica, people in the country expect increases in the cost of their loans in the next 12 months.

Regarding consumers' income, only one out of three people surveyed said they believe their income will improve in the next few months.

You may be interested in "Online Sales: What are Consumers Looking for?"

Johnny Madrigal, researcher in charge of the survey, told Elobservador.cr that "... There is an effect of the pandemic, but the pessimism was already brought by the Costa Ricans'. We cannot say that there is only one factor that is affecting confidence. It is an atypical situation. This has a very large impact (...) it increases anxiety, if taxes are increased and there are restrictions on travel, for example. All of that contributes (to pessimism)."

The article adds that "... The purchase of durable goods, such as vehicles and housing, deteriorated sharply in the last six months. 79% do not think the time is right for buying a house and 90% think the same about a car."

Source: elobservadorcr.com

Do you need to understand the characteristics of the consumer in the new commercial reality? Contact Us

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Business, Mistrust and Uncertainty

January 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.

In 2020, when the effects of the pandemic that caused the spread of covid-19 began to become evident, it was anticipated that consumer habits would change, since in a complicated economic scenario full of uncertainty, people would be more careful when spending.

Costa Rica: Consumer Confidence Falls

May 2020

Between February and May of this year the Consumer Confidence Index registered a 40% drop, which was caused by the health and economic crisis resulting from the covid-19 outbreak.

According to the Consumer Confidence survey conducted by the University of Costa Rica, between August and November 2019 the Consumer Confidence Index (CCI) rose from 28.5 to 32.3, however, by May of this year it had fallen to 19.7.

Consumers: Pessimism Continues in Costa Rica

February 2020

Although the Consumer Confidence Index reports increases in the last two quarters, the perception of the country's economy continues to be pessimistic.

According to the Consumer Confidence survey, conducted by the University of Costa Rica, between August and November 2019 the Consumer Confidence Index (CCI) rose from 28.5 to 32.3, and by February this year it had risen to 37.

Economic Challenges Ahead

February 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.

A report prepared by the School of Statistics of the University of Costa Rica (UCR) shows the negative trend that come showing the economic expectations, because between February 2018 and the same month of 2019, the Consumer Confidence Index (ICC) fell 15%.