Peru Business Confidence


Business confidence stabilizes in February

In February, the business confidence indicator (Indice de Confianza Empresarial), included in the Central Bank's survey of macroeconomic expectations remained stable at January's 67 points. Consequently, the index continues to sit at its highest level since December 2010 and remains above the 50-point threshold that separates optimism from pessimism for the 20th consecutive month.

The monthly reading showed that firms' sales prospects for the next three months remained unchanged over the previous month, while businesses' demand expectations for the next three months improved slightly over January. Meanwhile, respondents to the February survey maintained a positive assessment regarding their financial situation as well as their access to credit.

FocusEconomics Consensus Forecast panellists expect fixed investment will grow 11.2% this year, which is down 0.5 percentage points from last month's forecast. For 2014, participants see investment growing 10.2%.

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Peru Business Confidence Chart

Peru Business Confidence February 2013

Note: Business Confidence Index (Indice de Confianza Empresarial).Values above 50 indicate an optimistic assesment in business climate while values below 50 indicate a pessimistic assesment.
Source: Peru Central Bank (BCRP).

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