QCOSTARICA — The consumer confidence index reached 52.6% in November of this year, the highest level recorded in the last 14 years, due to lower inflation and greater economic growth, said Francisco Gamboa, Minister of Economy, Industry and Commerce (MEIC).
The indicator measures the degree of household confidence in the national economy and its prospects for the future, using a scale of 0 to 100 points, where values above 50 indicate optimism.
“The growth in confidence may be due to the perception of stability in variables such as the exchange rate and inflation, although concerns about employment and family income persist,” explained Fernanda Alvarado, a professor at the University of Costa Rica (UCR).
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Men’s confidence increased 3.3 points, reaching 57.6, while that of women stood at 48.2, widening the gap between the two to 9.5 points.
Expectations about the economic future remained practically unchanged, with an index of 54.3 points.
43.2% of consumers consider the government’s performance in economic policy to be poor, doubling the 22.4% who rate it as good.
In line with these opinions, 40.9% expect an increase in poverty over the next 12 months, and 73.2% expect unemployment to remain the same or worsen.
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