Peru Business Confidence July 2017

Peru

Peru: Business sentiment improves in July

August 3, 2017

The business confidence indicator came in at 54.8 points in July, above June’s 53.1 points, moving further above the 50-point threshold that separates optimistic from pessimistic territory. Efforts to improve political conditions, which have been volatile since the beginning of the year in the wake of the Odebrecht corruption scandal and the onset of devastating floods, have helped boost business sentiment.

Behind the result was firms’ more positive assessment of the current business situation. In addition, expectations regarding the economy for the next 12 months improved and demand projected to be stronger in the next three months than previously estimated.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to contract 0.4% in 2017, which is down 0.7 percentage points from last month’s forecast. For 2018, panel participants see investment growing 5.0%.


Author:, Economist

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Peru Business Confidence July 2017 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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