Peru Business Confidence October 2019


Peru: Business confidence unchanged in October

November 7, 2019

The business confidence indicator was stable at September’s 47.0 points in October. Thus, the indicator remained below the 50-point threshold that separates pessimism from optimism.

October’s result reflected broadly unchanged expectations in most categories. Expectations on the general economic situations over the next 3 and 12 months didn’t change, as did expectations on the company in both the short- and medium-term. Moreover, businesses held stable expectations on the conditions of the sector in the next 12 months while, demand prospects improved from the previous month, although only marginally.

Panelists expect fixed investment to contract 3.6% in 2020, which is unchanged from last month’s forecast. For 2021, panel participants see investment growing 3.8%.

Author: Massimo Bassetti, Economist

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Peru Business Confidence Chart

Peru Business Confidence October 2019

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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