Peru: Business confidence inches up in May
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.