Peru: Business confidence moderates in October
November 7, 2014
Business confidence recorded 53.0 points in September, according to the Central Bank’s business confidence indicator. The result marked a slight decline over the 54.0 points registered in September, although business confidence remains above the 50-point threshold that separates optimistic from pessimistic territory.
Businesses expressed somewhat less positive sentiment regarding the outlook for the economy as a whole in the coming months, and were also less upbeat regarding the outlook for their particular sectors. Firms’ expectations in terms of demand for products and their plans for new hiring were also down. In contrast, businesses’ opinions about their current situation strengthened compared to the last month.
Author: Carl Kelly, Economist