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.
The expectations index improved in all sectors during the fourth quarter, with the services and manufacturing indexes strengthening the most compared to three months ago. Manufacturing and trade activities surpass the pessimistic terrain in which they were the previous quarter, reported the University of Costa Rica (UCR).
In the third quarter of the year, the Business Climate Index dropped 8% with respect to what was reported from April to June 2019.
The Business Climate Index fell from 61.7 in April-June 2019 to 57.3 in July-September 2019. This decrease was because of a drop in the balance of opinion of businessmen on the Dominican economy, the international, the branch and the climate for investment, explains the report of the Association of Industries of the Dominican Republic (AIRD).
For the IMF, the Salvadoran authorities are dealing firmly with crime and corruption and are beginning to improve the business environment in order to support economic growth.
In 2019, real GDP growth is expected to be 2.5% as a result of the solid confidence of the business sector, reported the International Monetary Fund (IMF) after its visit to El Salvador.
In October of this year the Index of Confidence in Economic Activity in Guatemala reported an 18% growth with respect to the same month in 2018, reinforcing the upward trend that has been registered since July 2019.
Entrepreneurs forecast an inflation rate of 3.50% for October, 3.81% for November and 3.94% for December 2019. For December 2020 and 2021, the Panel foresees an inflationary rhythm of 4.32% and 4.28%, in that order, reported the Banco de Guatemala.
After registering a 6% year-on-year rise in August, in September the Confidence in Economic Activity Index in Guatemala showed a 7% variation.
According to the last report of the Banco de Guatemala, an inflationary rhythm of 4.08% is forecast for September, of 4.22% for October and of 4.29% for November 2019. Regarding December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.43% and 4.46%, in that order, reported the Central Bank of Guatemala.
After registering year-on-year rises of 7% and 6% in July and August, respectively, in September the Confidence in Economic Activity Index in Guatemala showed a 7% variation.
An inflationary rhythm of 4.08% is forecast for September, of 4.22% for October and of 4.29% for November 2019. Regarding December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.43% and 4.46%, in that order, the report of the Banco de Guatemala needs.
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.
Businessmen are not very optimistic about the development of their businesses in the coming months, as comparing today's Business Confidence Index (IEC) (5.3) with that of a year ago (6.2) shows a significant decline. In addition, this indicator accumulates 10 quarters of gradual slowdown, reported the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP).
In August, the Index of Confidence in Economic Activity registered a 7% decrease with respect to the previous month, a drop that complements the inter-monthly drop reported in July of this year, which was 17%.
According to those consulted, factors such as the lack of political consensus, weakening of institutional credibility and the social panorama are elements that affect the business environment, reported the Central Bank of Honduras (BCH).
Generating a positive perception of the country, improving the relationship with the U.S. government and taking control of the penal centers are some of the actions highlighted by the business sector of El Salvador, regarding the first 100 days of the Bukele administration.
The Index of Business Confidence in El Salvador registered a considerable rise to 130.8 in July 2019, being the second highest figure in the entire series since 2005.
The businessmen interviewed are perceiving an improvement in the business climate, driven by the arrival of the new government team in the Executive Branch (since June 2019), which is implementing changes in certain public policies, reported the Salvadoran Foundation for Economic and Social Development (Fusades).
During the second quarter of 2019, of the total number of companies surveyed in the manufacturing sector, 31% stated that their level of production increased, while 43% indicated that they did not undergo changes.
According to the "Quarterly Survey of Business Opinion to the Manufacturing Sector", carried out by the Central Bank of the Dominican Republic, 26% of companies assured that their production level was lower than the previous quarter.
In July, the Confidence Index of Economic Activity registered a 17% drop with respect to May, where again 49% is explained by the result of the current confidence index and 51% by future activity.
The consulted ones indicated that the potential negative impact of the unfavorable external conditions and the fall of prices of some products of exportation in the evolution of the national economy, as well as aspects related to the climate of businesses and its incidence in the new investments, informed the Central Bank of Honduras (BCH).
During the second quarter of the year in the Dominican Republic, the Business Climate Index decreased 4% compared to what was reported from January to March 2019.
The Business Climate Index dropped from 64.5 in January-March 2019 to 61.7 in April-June 2019. This decrease was because of a drop in the opinion of businessmen in the Dominican economy, in the branch, climate for investment and in their company, explains the report of the Association of Industries of the Dominican Republic (AIRD).
In Costa Rica, the Central Bank predicted that confidence would again prevail among businessmen and consumers once the tax reform was approved, but that has not been the case.
In December 2018, after a year of proceedings in Congress and after having been reviewed in the constitutional instance, was approved by the Assembly of the country the file that corresponded to the Law of Strengthening Public Finances.
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