Peru Business Confidence

Peru

Peru: Business confidence improves in January

February 6, 2015

Business confidence came in at 54.2 points in January, according to the Central Bank’s business confidence indicator. The result was a slight improvement compared to the 53.1 points registered in December. Business confidence continues to rest above the 50-point threshold that separates optimistic from pessimistic territory.

Businesses expressed more positive sentiment in terms of the outlook for the economy as a whole in the next three months as well as regarding the short-term outlook for their particular sectors. Expectations for product demand were notably higher in December, and plans for new hiring also ticked up. Businesses’ expectations for the economy in the coming 12 months also improved. While forward-looking components of the index improved, opinions regarding the current business and financial situation moderated.

LatinFocus Consensus Forecast panelists expect fixed investment to grow 3.5% this year, which is down 0.3 percentage points from last month’s forecast. For 2016, panel participants see investment growing 5.0%.


Author:, Economist

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Peru Business Confidence January 2015

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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