Peru Business Confidence March 2018

Peru

Peru: Business confidence dips further in March

April 6, 2018

The business confidence indicator dropped to 54 in March, marginally below February’s 55. Despite the decline, the indicator remained above the 50-point threshold that separates optimism from pessimism, indicating that businesses grew more optimistic in March.

Driving the decline in business sentiment was a broad-based deterioration in expectations on the near-future. Firms had less favorable expectations on demand levels, the company’s economic situation and the sector’s economic situation in the next three months. On the other hand, they had more optimistic expectations about longer-term prospects, as they had better expectations on their specific sector of activity and their own company in the twelve months.

Peru Fixed Investment Forecast


Panelists expect fixed investment to contract 4.9% in 2018, which is unchanged from last month’s forecast. For 2019, panel participants see investment growing 3.8%.


Author: Massimo Bassetti, Economist

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Peru Business Confidence Chart


Peru Business Confidence March 2018 0

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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