Peru: Business confidence dips further in March
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.