Peru Business Confidence November 2021

Peru

Peru: Business sentiment falls, remains pessimistic in November

December 2, 2021

Business confidence came in at 40.0 in November, down from October's 43.0 and marking an end to the upward trend seen over the previous few months. As a result, the index remained well below the 50-threshold, which separates pessimism from optimism among businesses, for the 12th consecutive month.

The deterioration in firms’ expectations was broad-based in November, and came despite an improvement in the health crisis situation amid an advancing domestic vaccination campaign. Looking at the details, firms’ views regarding their sector, their company’s situation, future demand for their products, and investment in their firms all fell this month, although perceptions on employment improved slightly.

The LatinFocus Consensus Forecast panel sees fixed investment surging 1.0% in 2022, which is down 0.5 percentage points from last month’s forecast, and growing 2.6% in 2023.


Author:, Economist

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Peru Business Confidence November 2021

Note: Business Confidence Index (Ïndice 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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