Peru: Business confidence worsens in February
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.