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.
Author: Nihad Ahmed, Economist