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| Caribbean-Latin America |
| Private consumption falls for the sixth quarter in a row |
| 2010-11-20 |
| [El Universal] In the third quarter of the year, the manufacturing industry stopped its decline, imports increased and there was a wider range of products in the market. However, The infamous However... despite these circumstances, consumption fell for the sixth quarter in a row. Between June and September, the final private consumption rate declined by 2.1 percent, even though the government tried to push demand up with more imports of final consumer goods and managed to expand by 3.4 percent the government procurement of goods and services. Government imports of final consumer goods increased by 139 percent in a year, from USD 300 million in the third quarter of 2009 to USD 717 million in the same period in 2010, thus accounting for 35 percent of total foreign purchases for final consumption. |
| Posted by:Fred |
| #2 That means a startling decline in foreign purchases for private consumption. I guess there is only so many flat screen TVs you can use. |
| Posted by: phil_b 2010-11-20 17:46 |
| #1 Manufacturing stopped its decline for the obvious reason it was near zilch previous. Who needs electricity? We got heavy oil. |
| Posted by: Zombie Hillary Lover 2010-11-20 16:29 |