Commercial confidence takes a slight dip

A new report said that the commercial sector confidence in the country’s economy has declined slightly.

The report is from the Cámara de Comercio de Costa Rica and covers the second quarter of 2016.

The chamber reported that the average of its survey put confidence at 93 points, seven points lower than the first quarter of this year and 12 points lower than a similar survey covering the last quarter of 2015.

The chamber said that the average was higher than for the same period a year ago when the index was 79. Some  of the variation is seasonal, the chamber said.

The index was as high as 131 in the first quarter of 2010.

The confidence is measured by four variables, said the chamber. They are the perception of the economy, the condition of the firm, employment and sales.

As to employment, 17 percent of the firms contacted in the survey said they would hire more workers in the next three months. Some 62 percent said there would be no change in the work force.

The chamber coupled the announcement of the results of the survey with a call for the government to stop pushing for new taxes, which, it said, has a negative effect on confidence.

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