Peru Business Confidence January 2022


Peru: Business sentiment improves, but remains in negative territory in January

January 6, 2022

Business confidence came in at 44.5 in January, up from December's 41.2. January's result marked the best reading since May 2021. Despite the uptick, the index remained entrenched below the 50-threshold for the 10th month running, and thus indicated continued pessimism among businesses.

The mild improvement in firms’ expectations came amid a broad-based uptick in most sub-sectors in January. Looking at the details, firms’ views regarding their sector, future demand for their products, the employment situation, and investment in their firms all rose this month. However, the majority still remained in pessimistic territory, while views regarding their company’s situation deteriorated in the month.

The LatinFocus Consensus Forecast panel sees fixed investment rising 1.2% in 2022, which is down 0.1 percentage points from last month’s forecast, and growing 1.7% in 2023.

Author:, Economist

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Peru Business Confidence Chart

Peru Business Confidence January 2022

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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