Peru Consumer Confidence July 2016


Consumer confidence inches up in July

In July, the consumer confidence indicator published by GfK inched up from June’s 109 points to 110 points. As a consequence, the index remains above the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey, consumers’ assessment of their finances and savings in the next 12 months remained virtually unchanged, but their expectations of higher employment in the year ahead rebounded from a sharp drop recorded in June. Households’ views on the economic outlook for Peru improved slightly and, according to GfK, a majority of Peruvians see the economy remaining steady in the coming months.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.7% in 2016, which is up 0.1 percentage points from last month’s estimate. For 2017, panelists expect total consumption to grow 3.8%.

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Peru Consumer Confidence Chart

Peru Consumer Confidence July 2016 0

Note: Consumer Confidence Index (ICC, Indice de Confianza del Consumidor). Values above 100 indicate optimistic consumer sentiment while values below 100 indicate pessimistic sentiment.
Source: GfK Peru.

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