Peru Business Confidence November 2020

Peru

Peru: Business sentiment hits 10-month high in November

December 3, 2020

Business confidence rose to 52.8 in November, up from October’s 50.2 and marking the seventh consecutive monthly increase as firms reacted positively to the continued easing of restrictions on activity. As such, the indicator moved further above the 50-point threshold that separates pessimism from optimism among firms, and hit the highest level since January.

The uptick in firms’ expectations was broad-based in November, with views regarding their sector, perceptions of future demand for their products and the company’s financial situation all becoming more optimistic. However, despite improving, views on the labor market and company investment remained in pessimistic territory.

The LatinFocus Consensus Forecast panel sees fixed investment surging 15.5% in 2021, which is down 0.3 percentage points from last month’s forecast, and growing 7.3% in 2022.


Author:, Economist

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Peru Business Confidence Chart


Peru Business Confidence November 20 20

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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