Peru Business Confidence October 2021

Peru

Peru: Business sentiment improves in October

November 4, 2021

Business confidence increased to 43.0 in October from 35.0 in September, marking a five-month high as sentiment gradually improves from August’s 14-month low. Nevertheless, the index remained well below the 50-threshold, which separates pessimism from optimism among businesses, for the fourth consecutive month.

The improvement in firms’ expectations was broad-based in October, and was most likely caused by a reduction in political tensions throughout the month. As a result, firms’ views regarding their sector, their company’s situation, future demand for their products, and investment in their firm all rose this month, although most subindices still remained in pessimistic territory.

The LatinFocus Consensus Forecast panel sees fixed investment surging 24.7% in 2021, which is up 2.2 percentage points from last month’s forecast, and growing 0.5% in 2022.


Author:, Economist

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Peru Business Confidence October 2021

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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