Peru: Business confidence moves further into optimistic territory in December
The business confidence indicator rose to 58.0 in December from November’s 55.5, and thus moved further above the 50-point threshold that separates optimism from pessimism.
A broad-based improvement in sub-indexes drove the increase in business sentiment. Expectations on both the near- and medium-term general economic situation improved. Moreover, firms had more favorable expectations for the next 3 and 12 months regarding their sector’s economic prospects and for the next 12 months the outlook on demand.. Meanwhile, expectations on the company’s situation for the next 3 and 12 months remained unchanged. On the other hand, hiring prospects for both the next 3 and 12 months declined, as did expectations for the next 3 months on the company’s demand.