Peru Business Confidence December 2019

Peru

Peru: Business sentiment closes 2019 on a hopeful note

January 10, 2020

The business confidence indicator rose from November’s 49.7 points to 51.0 points in December. Thus, the indicator moved above the 50-point threshold that separates pessimism from optimism, below which it had remained for six consecutive months.

December’s uptick chiefly reflected improved expectations on the general economic situation in the next 3 and 12 months as well as rosier businesses perceptions of the conditions of the sector in the next 3 months. On the other hand, the outlook on the company in the short-term deteriorated somewhat, as did demand prospects both for the short- and medium-term.

Panelists expect fixed investment to contract 3.6% in 2020, which is unchanged from last month’s forecast. For 2021, panel participants see investment growing 3.8%.


Author: Massimo Bassetti, Economist

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Peru Business Confidence December 2019 0

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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