Peru Business Confidence February 2021

Peru

Peru: Business confidence returns to optimistic territory in March

March 4, 2021

Business confidence rose to 51.2 in March, up from February's 44.2 and marking a second successive increase since January’s five-month low. As a result, the index moved above the 50-threshold, separating pessimism from optimism among businesses.

The upturn in firms’ expectations was broad-based in March, and likely driven by a slight easing in domestic Covid-19-related restrictions during the month. As such, firms’ views regarding their sector, the labor market, future demand for their products, company investment and the company’s financial situation all improved, with all subindices rising into optimistic territory in the month, except for labor market expectation which remained mildly pessimistic.

The LatinFocus Consensus Forecast panel sees fixed investment surging 16.2% in 2021, which is up 0.8 percentage points from last month’s forecast, and growing 5.4% in 2022.


Author:, Economist

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Peru Business Confidence Chart


Peru Business Confidence March 2021

Note: Business Confidence Index (Ïndice de Confianza Empresarial). Values above 50 indicate an optimistic assessment of the business climate while values below 50 indicate a pessimistic assessment.
Source: Peru Central Bank (BCRP).


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