Peru Business Confidence October 2018

Peru

Peru: Business confidence continues to weaken in October

November 9, 2018

The business confidence indicator fell to 52.4 in October from September’s 55.1, but remained above the 50-point threshold that separates optimism from pessimism.

An almost broad-based deterioration in sub-indexes drove the decline in business sentiment. As in the previous month, expectations on both the near- and medium-term general economic situation declined. Moreover, firms had slightly less favorable expectations for the next three and 12 months regarding the company’s demand prospects and for the next three months regarding the sector’s economic situation. Expectations on the company’s situation for the next three months also continued to fall. On the other hand, hiring prospects for the next 12 months improved, as did expectations for the next 12 months regarding both the sector’s economic situation and the company’s situation.

Panelists expect fixed investment to contract 3.9% in 2019, which is unchanged from last month’s forecast. For 2020, panel participants see investment growing 3.6%.


Author: Massimo Bassetti, Economist

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Peru Business Confidence October 2018

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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