Peru Business Confidence January 2019


Peru: Business confidence stable in optimistic territory at beginning of the year

February 8, 2019

The business confidence indicator was stable at December’s 58.0 in January, and thus remained comfortably above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years.

A broad-based albeit limited improvement in short-term expectations offset an also broad-based small deterioration in longer-term expectations. Firms had more favorable expectations for the next 3 months regarding their company’s economic prospects, their company’s outlook on demand and hiring intentions. On the other hand, their expectations for the next 12 months on the sector’s economic prospects, and on their company’s demand outlook and hiring intentions declined. Lastly, expectations on the near-term general economic situation improved, while expectations on the medium-term general economic situation dipped.

Peru Fixed Investment Forecast

Panelists expect fixed investment to contract 3.9% in 2019, which is unchanged from last month’s forecast. For 2020, panel participants see investment growing 3.6%.

Author: Massimo Bassetti, Senior Economist

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Peru Business Confidence Chart

Peru Business Confidence January 2019 0

Note: Business Confidence Index (Indice 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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