Peru: Business confidence strengthens further in September
October 4, 2017
The business confidence indicator rose to an 11-month high of 60.1 in September, up from 56.3 in August and further above the 50-point threshold that separates optimism from pessimism, indicating that business sentiment remained upbeat in September.
Driving the upturn in business sentiment was firms’ more favorable assessment of their current sales and orders compared to the previous month, as well as their improved expectations about the economic situation in the next three months. Moreover, demand was projected to be stronger in the next three months. Conversely, businesses’ assessment of the current business situation was slightly less positive than in August.