After the global crisis started in 2008, there was a hint of recovery in the sector in 2010, which was not confirmed in 2011, when growth was only 2%.
A statement from the Chamber of Industries of Costa Rica (ICRC) reads:
According to an annual review of the Chamber of Industries, the industry suffered a slowdown in 2011 and a challenging 2012 is predicted.
• Industrial production for this year reported growth of about 2%.
• Seven are the main factors impeding the competitiveness of industries are: Cost of electrical energy, raw material prices, the exchange rate system, paperwork and permits, taxes and social security charges, fuel costs and access to financing.
The slowdown in the growth of the sector in 2011, prevented the estimated increase in production, with various factors, both internal and external to industries, being the cause of such interference, as explained by Marco Meneses, President of the Chamber of Industry Costa Rica (ICRC).
More on this topic
December 2010
Internal and external factors, that adversely affect competition, will be the key focus of next year's agenda.
The performance of industrial business left behind two years of decline in production dynamics and employment, introducing in 2010 a positive performance but moderate for most manufacturing activities, as explained by Marco Meneses, President of the Chamber of Industries of Costa Rica (ICRC).
December 2011
The Salvadoran Association of Industries (ASI) has expressed concern about the slow and low growth in the industry.
A press release by the Salvadoran Association of Industrialists reads:
The Salvadoran Association of Industries (ASI) released a report on the performance of the manufacturing industry during 2011, which details the results of the different productive sectors.
December 2010
Despite adverse economic conditions the industry has managed to grow 1.27% this year.
Details given by the Salvadoran Association of Industrialists (ASI), indicate the area which have rebounded the most is textiles, while construction closed with a negative -5.4%.
Elsalvador.com reported statements from Javier Siman, president of the ASI, indicating that industry remains stagnant and has not grown as expected.
January 2012
The Guatemalan metallurgical industry anticipates sales growth of between 3% and 5% in 2012.
The sector saw a slight recovery in 2011, after successive lows in 2008, 2009 and 2010.
The increase projected for 2012 is based on the expected performance of the construction sector.
español
1895
