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.