Peru Business Confidence June 2016

Peru

Peru: Business sentiment climbs to 19-month high in June

July 8, 2016

The business confidence indicator came in at 54.3 points in June, according to the Central Bank. The result was above the 53.4 points recorded in May and marked the highest level since November 2014. As a result, the business confidence indicator is moving further above the 50-point threshold that separates optimistic from pessimistic territory.

Businesses’ opinions regarding the current economic situation improved over the previous month mainly due to an increase in sales, new orders, inventories and employment. Conversely, the companies surveyed in June were slightly less upbeat regarding their financial situation. Concerning businesses’ prospects in the next three months, they were more optimistic with respect to the state of the general economy and the expected demand for their companies.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.4% this year, which is unchanged from last month’s forecast. For 2017, panel participants see investment growing 3.8%.


Author: Marlène Rump, Senior Data Analyst

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Peru Business Confidence June 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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