Peru: Business sentiment improves in June, remains pessimistic in short-term
July 2, 2020
Business confidence jumped to 29.0 in June, up from May’s 14.0 reading as firms continued to react to the easing of lockdown measures in recent months. However, the indicator still came in well below the 50-point threshold that separates pessimism from optimism.
June’s uptick reflected a broad-based improvement in firms’ views. Expectations on the general economic situation in the next 3 months were less pessimistic, while views for the next year turned mildly optimism. The same pattern was reflected in views on the conditions of firms’ sectors, businesses’ outlook on their company’s financial situation and their perception of demand for their company’s products in the same time periods. As such, most subindices pushed above their values from March, reflecting a significant recuperation in sentiment since the beginning of the pandemic.