Peru: Business confidence stabilizes in February
March 11, 2013
In February, the business confidence indicator (Indice de Confianza Empresarial), included in the Central Bank's survey of macroeconomic expectations remained stable at January's 67 points. Consequently, the index continues to sit at its highest level since December 2010 and remains above the 50-point threshold that separates optimism from pessimism for the 20th consecutive month.
The monthly reading showed that firms' sales prospects for the next three months remained unchanged over the previous month, while businesses' demand expectations for the next three months improved slightly over January. Meanwhile, respondents to the February survey maintained a positive assessment regarding their financial situation as well as their access to credit.
FocusEconomics Consensus Forecast panellists expect fixed investment will grow 11.2% this year, which is down 0.5 percentage points from last month's forecast. For 2014, participants see investment growing 10.2%.
Author: Ricardo Aceves, Senior Economist