Guatemalan Firms Would Increase Investment in 2011

The survey by the Superintendence of Banks reflects greater optimism by 50% of the business sector for this year.

Monday, March 28, 2011

Out of the 25 largest companies and trade associations, 69% project an increase in sales, while only 21% expect to hire additional labor.

Of the survey, Javier Zepeda, executive director of the Chamber of Industry of Guatemala (CIG), "... believes that the results of the survey do not reflect the reality of the country and added that the sample is very small," reports the article in Elperiodico.com.gt.

More on this topic

Guatemala: 49% More Companies Victims of Extortion

July 2010

A survey by the Guatemalan Commerce Chamber revealed that 49.2% more companies were victims of extortion this semester.

The survey also found that 41.3% of the Chamber’s members have been targets of extortion practices, while 60% believes the Government “is doing nothing” to solve the situation.

What Guatemalan Businessmen Think

April 2011

Results of the 48th Guatemalan Business Survey done by the Association for Research and Social Studies (ASIES).

Executive Summary

The perception of businessmen shows the challenges of economic recovery. The balanced opinion in production, income and employment variables indicate greater optimism.

29.000 Jobs Lost in Guatemala

September 2009

Asies latest business survey reveals the loss of 29.000 jobs between July 2008 and July 2009.

Out of the 914 companies who participated in the survey, 7% reduced their installed capacity.

"68% of the companies reduced their production, 15% increased it and for the remaining 17%, it remained unchanged" explained Violeta Hernández, Asies consultant.

Costa Rica: Level of confidence in the economy by businesses drops

August 2008

Inflationary pressures, increases in the exchange rate, credit restrictions and higher energy prices are a few of the causes.

Although the majority of Costa Rican businessmen continue to be optimistic about the direction the country is heading, the quarterly poll "Pulso Empresarial" - or Business Pulse in English - showed a 10% drop in the confidence level in comparison to previous polls.

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