Peru: Business confidence recovers in August
September 7, 2012
In August, the business confidence indicator (Indice de Confianza Empresarial) published by the Central Bank climbed to 59 points from 56 points in July, as more firms responding to the survey were optimistic about the future economic prospects for the next three months. The August print represents the first improvement in the index in four months. As a result, the index remains above the 50-point threshold that separates optimism from pessimism. According to the Bank, the improvement showed firms' more positive assessment about sales expectations for the next three months as well as for overall demand. Moreover, the August survey showed that businesses continue to enjoy a healthy financial situation and an easy access to credit. In addition, more businesses expect to increase their staff in the next months.
Author: Ricardo Aceves, Senior Economist