Peru: Business confidence falls in December
February 6, 2012
In December, the Central Bank's business confidence indicator (indice de Confianza Empresarial) fell to 56 points from 58 points in November, suggesting that a lower number of firms were optimistic about future economic prospects for the next three months. Despite the monthly drop, the index remains above the 50-point threshold that separates optimism from pessimism. According to the December survey, firms' sales expectations for the next three months remained unchanged compared to the previous month. However, the sub-indicator of demand expectations declined from 60 points in November to 57 points in December. Moreover, the sub-index of businesses' financial situation inched down from 62 points in November to 61 points in December. Despite the drop, businesses continue to enjoy a healthy financial situation.
Author: Ricardo Aceves, Senior Economist