Peru Business Confidence July 2016


Business sentiment jumps to an over-three-year high in July

The business confidence indicator came in at 61.0 points in July, according to the Central Bank. The result was well above the 54.3 points recorded in June and marked the highest level since March 2013. The business confidence indicator is now further above the 50-point threshold that separates optimistic from pessimistic territory.

Businesses’ opinions regarding the current economic situation improved over the previous month mainly due to an increase in sales, inventories and employment. Conversely, the companies surveyed in July were slightly less upbeat regarding their financial situation. Concerning businesses’ prospects in the next three months, they were more optimistic with respect to the state of the general economy and the expected demand for their companies’ goods and services.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.4% this year, which is unchanged from last month’s forecast. For 2017, panel participants see investment growing 4.1%.

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Peru Business Confidence Chart

Peru Business Confidence July 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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