Friday 18 June 2021

Costa Rica Retail Sector to Grow 2.8% in 2018

The Costa Rica Chamber of Commerce expects retail commerce will slow in 2018 but will keep hiring levels.

The Cámara de Comercio de Costa Rica (CCCR) – Costa Rica Chamber of Commerce – expects retail activities for this year (2017) to close with a relatively low growth of just 3.3%, driven in particular by sales of the subsectors of electronics, household products, food, beverages and tobacco, that showed a growth of greather than 4%.

The subsectors of electronics and household products, food, beverages and tobacco showed growth of more than 4%, mainly due to improvements in marketing strategies and the opening of new points of sale. Photo Eyleen Vargas, El Financierio

For next year, 2018, the trade association projects a slight deceleration, a growth of only 2.8% over this year.

- Advertisement -

Alonso Elizondo, executive director of the Chamber, explained to Elfinancierocr.com that “… in these situations, the country’s economic conditions caused a deceleration in consumption. The most recent Consumer Confidence Index (CCI), measured by the University of Costa Rica, showed that Costa Rican consumer confidence continues to deteriorate and has been down for six months. In addition, contrary to the trend seen a few years ago, the proximity of payments of bonuses and end-of-year festivities did not cause a recovery effect.”

“… In the panorama for the next year they highlighted the participation of Costa Rica in the World Cup in Russia. “It is an event that will boost the economy, increasing consumption of food, clothing, footwear, and television screens, mainly. It is expected that this time there will be behavior similar to that seen during Brazil 2014′.”

The CCCR also announced four areas or priority work topics for the commercial sector facing the presidential hopefuls.

They are: informality, illicit trade, competitiveness and trade facilitation.

- Advertisement -

The Chamber developed a document, called “Política para el Sector Comercial” (Policy for the Commercial Sector), in which it exposes each one of those problems and their respective actions to solve them.

Source: elfinancierocr.com

- Advertisement -

FACT CHECK:
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.

Ricohttp://www.theqmedia.com
"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

Cynthia Ann Telles named new U.S. Ambassador to Costa Rica

QCOSTARICA - Today, U.S. President Joe Biden announced his nomination of...

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...

MOST READ

Today’s Vehicle Restriction June 15: 3 & 4 CANNOT circulate

Today, Tuesday, June 15, vehicles with plates ending 3 & 4 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Today’s Vehicle Restriction: June 12, “ODDS”

Today, Saturday, June 12, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Today’s Vehicle Restriction: June 11, “EVENS”

Today, Friday, June 11, only EVENS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Today’s Vehicle Restriction June 14: 1 & 2 CANNOT circulate

Today, Monday, June 14, vehicles with plates ending 1 & 2 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Fifth tropical wave precipitation will be heavier in the north of the country

QCOSTARICA - For this Wednesday, the arrival of the fifth tropical wave of the season is expected, thus reinforcing the rainy activity mainly to...

13 Powerful Home Remedies for Acne

Acne is considered to be one of the most common skin ailments on the planet, with a record 60 million people being afflicted by...

Immigration system failure affected passengers at the San Jose airport Monday

QCOSTARICA -  In yet another system-wide failure in the immigration check-out, passengers looking to leave Costa Rica Monday morning by way of the Juan...

On Monday the vehicle restriction will change, again

QCOSTARICA - In times of pandemic, things change constantly, especially when it is necessary to tighten the belt to reduce the contagion of covid-19. The...

Today’s Vehicle Restriction June 16: 5 & 6 CANNOT circulate

Today, Wednesday, June 16, vehicles with plates ending 5 & 6 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

WANT TO STAY UP TO DATE WITH THE LATEST!

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.