Peru Business Confidence July 2018

Peru

Peru: Business confidence ticks up in July

August 3, 2018

The business confidence indicator ticked up to 59 in July from June’s 58, moving further above the 50-point threshold that separates optimism from pessimism.

Driving the increase in business sentiment was an improvement in expectations on the near-future, while expectations on the medium-term remained unchanged. Firms had slightly more favorable expectations for the next three months regarding: the general economic situation, the company’s economic situation, hiring of new staff, and the sector’s economic situation. However, they had a worse assessment of their current production levels.

Peru Fixed Investment Forecast


Panelists expect fixed investment to contract 4.9% in 2018, which is unchanged from last month’s forecast. For 2019, panel participants see investment growing 3.8%.


Author: Massimo Bassetti, Economist

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Peru Business Confidence Chart


Peru Business Confidence July 2018 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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