Peru Business Confidence July 2019


Peru: Business confidence falls to over two-year low in July

August 9, 2019

The business confidence indicator fell to 49.0 points in July from 49.8 points in June, the lowest print in 28 months. Thus, the indicator moved further below the 50-point threshold that separates pessimism from optimism.

July’s decline reflected reduced optimism in the current business environment, as well as weaker expectations in the sector and a softer demand outlook for the next 3 months. In contrast, overall perception of new orders improved form a month prior.

Panelists expect fixed investment to contract 3.9% in 2019, which is unchanged from last month’s forecast. For 2020, panel participants see investment growing 3.6%.

Author:, Economist

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Peru Business Confidence Chart

Peru Business Confidence July 2019 0

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

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