Firms more confident than last year, survey shows

A survey of business operators does not show a lot of change from the middle of the year, but confidence for the final three months of 2012 is more optimistic than it was a year ago.

The Unión de Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado does the survey four times a year and asked about the previous three month and confidence for the current three months.

Clearly, the 505 business operators surveyed think they are doing much better than the grim days of the first three months of 2009 when the average of responses was 3.7 on a 10-point scale with 10 being the best. The average for July, August and September this year was 5.3, said the chamber.
That perception of the economic climate is not much different than the 5.2 of the previous three months but down from the 6.1 measured for the last three months of 2011.

The average has been as high as 7.2. That was the average at the end of 2007.

The confidence for the final three months scored an average of 6.3. The chamber was quick to note that this is 15 percent higher than the responses to the same question a year ago. However, confidence was down from the 6.9 the responses to the survey averaged when business people predicted the state of the business in the first half of 2012. They did that in the last survey of 2011.

Still, that number is a big jump from the 3.5 that the survey obtained for the second half of 2009.

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