Peru: Business confidence slips in August
September 10, 2018
The business confidence indicator edged down to 58.5 in August from July’s 59.0, remaining comfortablyabove the 50-point threshold that separates optimism from pessimism.
Driving the small decrease in business sentiment was a deterioration in expectations on the near-future, while expectations on the medium-term improved. Firms had slightly less favorable expectations for the next three months regarding: the general economic situation, the company’s economic situation, hiring of new staff, and the sector’s economic situation. Moreover, they had a worse assessment of their current production levels.
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%.