Wednesday, 12 August 2020
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Tag: consumer spending

Consumer uncertainty remains, but there is a little less pessimism

Currently, 6.5% of Costa Ricans say that the Government is doing a good job, 21.0% say that what is necessary and 71.0% that poor work is being done. Consumer confidence improved significantly between September and November, but despite this, a significant degree of uncertainty remains. 2019...

Costa Rica is ‘technically’ in recession says report by the School of Economics of the National University

Car dealers, appliance retailers and suppliers of construction materials, among others, have had negative results for more than ten months, according to the “¿Qué está pasando con el consumo privado en Costa Rica?” (What is happening with private consumption in Costa Rica?) report carried...

Higher Dollar and Interest Rates Slowed Consumer Spending

The constant instability of the dollar exchange rate and the increase in interest rates, especially in colones, have slowed the growth of consumer spending so far this year. The El Financiero reports, "up to the first quarter of 2016, household spending grew steadily, reaching an...

“Black Friday” Turns Into “Fin de Semana Negro”

QCOSTARICA - This year, in Costa Rica "Black Friday" has become Fin de Semana Negro" (Black Weekend) as the promotions continue past the traditional one day, continuing into the weekend until Monday, with the so called "Cyber Monday". The number of retailers joining the Black...

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