Peru: Business confidence falls in April
May 10, 2013
The Central Bank's business confidence indicator (Indice de Confianza Empresarial) included in its survey of macroeconomic expectations dropped from 65 points in March to 60 points in April. Despite the monthly drop, the index remains comfortably above the 50-point threshold that separates optimism from pessimism.
The monthly decline showed that businesses' sales prospects, as well as overall demand expectations for the next three months deteriorated compared to March. In addition, respondents to the April survey maintained a positive assessment regarding their financial situation as well as their access to credit, but their view was less rosy than in the previous month.
FocusEconomics Consensus Forecast panellists expect fixed investment will grow 11.2% this year, which is unchanged from last month's forecast. For 2014, participants see investment growing 10.4%.
Author: Ricardo Aceves, Senior Economist