Tuesday 15 June 2021

Consurmer Confidence in Costa Rica Fell 10 Points In The Last Year

Consumer confidence fell during the first year of the Solis administration.

(QCOSTARICA) —  pomers in Costa Rica continue pessimistic, according to the Consumer Confidence Index (ICC – Índice de Confianza del Consumidor in Spanish).

The ICC says the level of confidence stagnated in the last six months to a level of 40 points (on a scale of 0 to 100), with only 14% feeling optimistic.

- Advertisement -

The pessimism is 10 points below the level of May 2014, demonstrating a drop in confidence in the first year of the Luis Guillermo Solis administration.

However, that has been the trend during three of the last four governments, with the only exception the Oscar Arias administration of 2006-2010.

The problem experts say is that, when the consumer feels pessimistic, they drop consuming or investing, leading to a depressed economy.

The ICC says that 67% of the respondents believe the current administration to be “poor”, a significant increase to the 43% of last May.

- Advertisement -

“There is distrust in the economy, there is uncertainty,” said study manager Johnny Madrigal, of the School of Statistics at the University of Costa Rica (Escuela de Estadística de la Universidad de Costa Rica).

For Madrigal, the loss of trust is a direct response to the political situation in the country: the internal changes in the government, the situation at the Caja (CCSS – Caja Costarricense del Seguro Social) and the increased violence due to drug trafficking.

The results took in the responses of 703 heads of households in the metropolitan area of San José.

Source: Nacion.com

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Simple to request certification of vaccines against covid-19 applied in Costa Rica and abroad

QCOSTARICA - The Ministry of Health issued a new guideline on...

The US improves travel alerts for Central America; Not Costa Rica and Nicaragua

QCOSTARICA - The United States has eased travel advisories for most...


Direct flight will connect Guanacaste with Austin starting in November

QCOSTARICA - American Airlines announced that starting November 2, 2021, it will offer a direct flight between Austin, Texas and the Daniel Oduber International...

Planning to travel? You will only be certified as vaccinated if you received doses in Costa Rica

QCOSTARICA - Do you need a certificate of the COVID-19 vaccines applied in Costa Rica?  People who require a certificate that certifies the receipt...

The US improves travel alerts for Central America; Not Costa Rica and Nicaragua

QCOSTARICA - The United States has eased travel advisories for most Central American countries, with the exception of Costa Rica and Nicaragua, according to...

Which countries could follow El Salvador by making it legal tender?

Q24N - El Salvador may be the first country to adopt bitcoin as legal tender, but recent developments suggest that it might not be...

Nicaragua government assures that detainees violated one of the Ten Commandments

TODAY NICARAGUA – The vice president of Nicaragua and First Lady, Rosario Murillo, assured that those who feel persecuted are for the crimes they...

Are you fully vaccinated? You can now enter Spain

Q TRAVEL - Travelers from the European Union or third countries, including Costa Rica, who have fully been vaccinated, will now be able to...

5.7 Quake jolts Costa Rica

2021-06-10 17:27:0.5, Magnitude: 5.76, Depth 10.0 km, Epicenter: 95.5 km Southwest Malpais de Puntarenas. The jolt was felt also in the Central Valley. No reports...

Quepos flooded by heavy rains (Photos)

QCOSTARICA - The residents of the Central Pacific endured heavy rains Monday afternoon, June 7, hardest hit the town of Quepos, where the streets...

Apple extended the life of its older iPhones

QTECH - Whether due to the global economic crisis caused by the Covid-19 pandemic or due to shortages of electronic components, raw materials, factory...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.