Peru: Business confidence falls to lowest level in over two years
August 9, 2013
Businesses were less confident in July, according to the Central Bank's business confidence indicator, which fell to 50 points (June: 51 points). The index is now at its lowest level in over two years and sits on the 50-point threshold separating optimism from pessimism.
According to the Central Bank, businesses' overall expectations for demand in the next three months remained unchanged over the previous month. While businesses felt confident about their financial situations and access to credit, they were notably less optimistic than in the previous month.
FocusEconomics Consensus Forecast panellists expect fixed investment to 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