Peru Business Confidence February 2018


Peru: Business confidence worsens in February

March 5, 2018

The business confidence indicator dropped to 54.9 in February, significantly below January’s 58.5. Despite the decline, the indicator remained above the 50-point threshold that separates optimism from pessimism, indicating that businesses grew more optimistic in February.

Driving the decline in business sentiment was an almost broad-based deterioration in both assessments of the current business situation and expectations on the future. In particular, firms had a less favorable assessments of their current sales and production levels as well as of new business orders. Moreover, they had less optimistic expectations about the general economic situation, their specific sector of activity and their own company in the next three and twelve months.

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, Senior Economist

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Peru Business Confidence Chart

Peru Business Confidence February 2018

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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