Peru Business Confidence January 2021

Peru

Peru: Business confidence deteriorates in January

February 4, 2021

Business confidence tumbled to 41.2 in January, down from December's 49.5 and dropping to the lowest level since August. As a result, the index moved further below from the 50-threshold, separating pessimism from optimism among businesses.

The downturn in firms’ expectations was broad-based in January, and likely driven by a further spike in domestic Covid-19 cases during the month. As such, firms’ views regarding their sector, the labor market, future demand for their products, company investment and the company’s financial situation all deteriorated, with all subindices recording pessimistic readings in the month.

The LatinFocus Consensus Forecast panel sees fixed investment surging 15.8% in 2021, which is down 1.0 percentage points from last month’s forecast, and growing 5.4% in 2022.


Author:, Economist

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Peru Business Confidence Chart


Peru Business Confidence January 2021

Note: Business Confidence Index (Ïndice 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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