Peru: Business confidence rebounds at the beginning of the year
February 9, 2018
The business confidence indicator rebounded to 58.5 in January, significantly above December’s 53.7. Therefore, the indicator moved further above the 50-point threshold that separates optimism from pessimism, indicating that businesses grew more optimistic in January.
Driving the turnaround in business sentiment were broad-based improvements in both assessments of the current business situation and expectations on the future. In particular, firms had more favorable assessments of their current sales and production levels as well as of new business orders. Moreover, they had more optimistic expectations about the general economic situation, their specific sector of activity and their own company in the next three and twelve months.
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%.