Peru Business Confidence September 2017

Peru

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.

Panelists expect fixed investment to contract 0.8% in 2017, which is unchanged from last month’s forecast. For 2018, panel participants see investment growing 4.9%, unchanged.


Author: Massimo Bassetti, Economist

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Peru Business Confidence September 2017

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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