Peru Business Confidence September 2016

Peru

Peru: Business sentiment reaches another multi-year high in September

The business confidence indicator came in at 62.3 points in September, according to the Central Bank. The result was just above the 62.0 points recorded in August 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 from the previous month mainly due to more new orders and better sales. Firms also reported that they could increase their level of employees or expect to do so in the near future. Their sentiment towards the state of the general economy and the expected demand for their companies’ goods and services in the next three months remained stable in September.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to contract 0.5% this year, which is down 0.6 percentage points from last month’s forecast. For 2017, panel participants see investment growing 4.3%.


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Peru Business Confidence September 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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