Peru Business Confidence October 2016

Peru

Peru: Business sentiment cools in October

The business confidence indicator came in at 60.8 points in October, according to the Central Bank. The result was below the 62.3 points recorded in September and marked the lowest level in four months. In spite of the decrease, the business confidence indicator is still well above the 50-point threshold that separates optimistic from pessimistic territory.

Businesses’ opinions regarding the state of the economy in the next three months moderated, as firms expect demand in the coming months to decline. Firms also reported that they had to decrease their level of employees or expect to do so in the near future. Conversely, their assessment of the current health of the economy improved slightly and they reported better sales and new orders in October.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to contract 0.9% this year, which is down 0.3 percentage points from last month’s forecast. For 2017, panel participants see investment growing 4.2%, which is unchanged from last month’s Consensus.


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Peru Business Confidence October 2016

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


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