Peru Business Confidence August 2017

Peru

Peru: Business confidence strengthens in August

September 11, 2017

The business confidence indicator rose to 56.3 in August, up from 54.8 in July and comfortably above the 50-point threshold that separates optimistic from pessimistic territory, indicating that business sentiment remained upbeat in August.

Driving the upturn in business sentiment was firms’ more favorable assessment of the current business situation, combined with improved expectations about the economic situation in the next 12 months. Expectations about the sector and prospects for companies were also more positive. Conversely, demand was projected to moderate in the next three months compared to the previous estimate.

Despite the uptick in business confidence, the lingering negative effects from floods and the Odebrecht corruption scandal prompted panelists surveyed for this month’s LatinFocus report to mark down their forecasts. Panelists expect fixed investment to contract -0.8% in 2017, which is down 0.4 percentage points from last month’s forecast. For 2018, panel participants see investment growing 4.9%.


Author:, Economist

Sample Report

Looking for forecasts related to Business Confidence in Peru? Download a sample report now.

Download

Peru Business Confidence Chart


Peru Business Confidence August 2017 1

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).


Peru Economic News

  • Peru: Pace of expansion cools dragged down by manufacturing and fishing

    September 22, 2017

    Economic activity expanded 1.6% year-on-year in July over the same month of the previous year, a significant deceleration from June’s 3.6% rise and the slowest pace of expansion in three months. A robust external sector sustained July’s expansion as exports grew by 11.7%, led by growth in sales to overseas markets of agricultural, textiles and fishery products as well as of metal products.

    Read more

  • Peru: Business confidence strengthens in August

    September 8, 2017

    The business confidence indicator rose to 56.3 in August, up from 54.8 in July and comfortably above the 50-point threshold that separates optimistic from pessimistic territory, indicating that business sentiment remained upbeat in August. Driving the upturn in business sentiment was firms’ more favorable assessment of the current business situation, combined with improved expectations about the economic situation in the next 12 months.

    Read more

  • Peru: Trade surplus shrinks substantially in July

    September 8, 2017

    Peru’s trade balance recorded a USD 213 million surplus in July, a substantial decline from June’s USD 748 million surplus and the USD 589 million recorded in the same month of last year. Growth in exports slowed considerably in July, plummeting to 1.4% year-on-year from June’s notable 40.9% expansion.

    Read more

  • Peru: Consumer confidence plummets to a record low in August

    September 4, 2017

    The consumer confidence indicator published by GfK plunged to an all-time low of 84 in August from July’s 98, moving well below the crucial 100-point threshold which separates pessimism from optimism among Peruvian consumers.

    Read more

More news

Search form