Peru Business Confidence August 2017

Peru

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. 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

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Peru Business Confidence August 2017 2

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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