Peru Business Confidence

Peru

Peru: Business confidence falls back into pessimistic territory in August

September 5, 2014

Business confidence dropped to 48.5 points in August, according to the Central Bank’s business confidence indicator. The result marked a deterioration over the 50.6 points registered in July. Moreover, August’s reading marked the lowest level in a year and the second lowest level in more than three years. As a result of the decline, business confidence has returned to pessimistic territory.

Businesses expressed negative sentiment regarding the outlook for the economy as a whole in the coming three months, but were slightly more optimistic regarding the outlook for their particular sectors. Firms’ outlook in terms of new hiring also weakened compared to the previous month. Moreover, businesses were less positive about their current general situation.

LatinFocus Consensus Forecast panelists expect fixed investment to grow 5.8% this year, which is unchanged from last month’s forecast. For 2015, panel participants see investment growing 6.8%.


Author:, Economist

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Peru Business Confidence August 2014 0

Note: Business Confidence Index (Indice de Confianza Empresarial). Values above 50 indicate an optimistic assessment in business climate while values below 50 indicate a pessimistic assessment.
Source: Peru Central Bank (BCRP).


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