Peru: Business confidence moderates in December
January 9, 2015
Business confidence came in at 53.1 points in December, according to the Central Bank’s business confidence indicator. The result was a moderation compared to 55.3 points registered in November, which had marked the highest level in nine months. However, business confidence is still above the 50-point threshold that separates optimistic from pessimistic territory.
Businesses expressed less positive sentiment regarding the outlook for the economy as a whole in the next three months, although the short-term outlook for their particular sectors was relatively unchanged. Expectations for product demand, new hiring, and the situation of their particular business weakened in December. In contrast, businesses’ expectations for the economy in the coming 12 months improved slightly.
Author: Carl Kelly, Economist