Peru Business Confidence December 2016

Peru

Peru: Business sentiment at lowest level in six months in December

January 6, 2017

The business confidence indicator came in at 57.3 points in December, according to the Central Bank. The result was below the 58.4 points recorded in November and marked the lowest level in six 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 reported a lower level of sales and production in December. For the next three months, businesses remain optimistic about the state of the economy, though their outlook is less bright than in November. They expect weaker demand, tighter financial conditions for their business and a slower rate of hiring.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to contract 4.2% in 2017, which is unchanged from last month’s forecast. For 2018, panel participants see investment growing 5.3%.


Author: Marlène Rump, Senior Data Analyst

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Peru Business Confidence December 2016

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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