Peru Business Confidence May 2018

Peru

Peru: Business confidence inches up in May

June 8, 2018

The business confidence indicator ticked up to 60 in May, above April’s 59. Consequently, the indicator moved further above the 50-point threshold that separates optimism from pessimism, indicating that businesses grew more optimistic in May.

Driving the increase in business sentiment was a broad-based improvement in expectations on the both the near-future and the medium-term. Firms had more favorable expectations on demand levels, the company’s economic situation and the sector’s economic situation in the next twelve months. Moreover, they had more favorable expectations on the company’s economic situation and the sector’s economic situation in the next three months. In addition, they had better assessments of the current business situation and their production levels. On the other hand, their hiring expectations declined somewhat.

Peru Fixed Investment Forecast


Panelists expect fixed investment to contract 4.9% in 2018, which is unchanged from last month’s forecast. For 2019, panel participants see investment growing 3.8%.


Author: Massimo Bassetti, Economist

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Peru Business Confidence May 2018

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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