Peru Business Confidence May 2016


Businesses remain optimistic in May

Although Peruvian business sentiment inched down in May, the indicator remained in optimistic territory. The business confidence indicator came in at 53.4 points in May, according to the Central Bank. The result was a notch below the 54.2 points recorded in April, which marked the first time the business confidence indicator had overshot the 50-point threshold that separates optimistic from pessimistic territory since July 2015.

Businesses’ opinions regarding the current economic situation inched down over the previous month due to a decline in sales and in new orders and a deterioration in inventories. The companies surveyed in May were slightly less upbeat regarding the future of their sectors and the economy in general. Regarding current and future unemployment levels, pessimistic firms outnumbered the optimistic firms, albeit by a smaller margin than in April.

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 3.8%.

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Peru Business Confidence Chart

Peru Business Confidence May 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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