• Costa Rica Coffee Guide

Costa Rica consumer confidence improves but still low, study finds

November 26, 2015

Consumer optimism about the country’s economic outlook improved slightly in the past three months, according to results of the Consumer Confidence Index released Wednesday by the University of Costa Rica’s (UCR) School of Statistics.

The report states that confidence, at 36.5 percent, is still low, but grew from the 31 percent recorded in August. Still, the figure is 12 percent lower than that recorded in the same period last year.

UCR researcher Johnny Madrigal said distrust has been the prevailing attitude throughout the year, but the latest consumer confidence results can be considered positive as they buck the downward trend recorded throughout 2015. Madrigal said the slight increase in confidence can be attributed to an improvement in expectations towards the country’s economic future.

Citizens’ personal expectations are positive mainly because they hope for a decrease in interest rates for the upcoming year, Madrigal said.

According to the survey results, the current optimism has little to do with the work of President Luis Guillermo Solís, as 68.7 percent of respondents said they considered the government’s economic policy poor, while only 5.6 percent said it is good.

UCR researchers believe the positive results reflect this time of year, as people are preparing to receive Christmas bonuses, or aguinaldos, and also are getting ready for Christmas and New Year’s celebrations.

The survey was conducted via telephone among 702 households in all provinces between Oct. 28 and Nov. 13 and has a confidence level of 95 percent.

You may be interested

Costa Rica ending week with increase in coronavirus hospitalizations
Costa Rica
6255 views
Costa Rica
6255 views

Costa Rica ending week with increase in coronavirus hospitalizations

Alejandro Zúñiga - November 28, 2020

Costa Rica suffered 28 new coronavirus-related deaths between Wednesday and Friday for a total of 1,690, according to official data…

¡Viva siempre la paz! Costa Rica celebrates army abolition with holiday weekend
Costa Rica
10 views
Costa Rica
10 views

¡Viva siempre la paz! Costa Rica celebrates army abolition with holiday weekend

Alejandro Zúñiga - November 27, 2020

Costa Ricans will enjoy a long weekend to end November as the country celebrates a national holiday in commemoration of…

PAHO urges countries not to require coronavirus tests from travelers
Latin America
1538 views
Latin America
1538 views

PAHO urges countries not to require coronavirus tests from travelers

AFP - November 27, 2020

The Pan American Health Organization (PAHO) urged countries not to require coronavirus tests from travelers, saying they give a "false…