Peru: Business sentiment at eight-month low in February
March 2, 2017
The business confidence indicator came in at 54.6 points in February, according to the Central Bank. The result was below the 56.7 points recorded in January and marked the lowest level in eight months. In spite of the decrease, the business confidence indicator is still well above the 50-point threshold that separates optimistic from pessimistic territory.
Survey participants were less upbeat about the current situation of their business, in particular regarding sales, expected demand and staff levels. Conversely, production levels and new orders improved compared to January. Looking forward, businesses are less positive about the economy in the next three months, likely reflecting the fallout of the Odebrecht scandal, which prompted the government to stall several large infrastructure projects.