Peru Business Confidence August 2016

Peru

Peru: Business sentiment in August highest since March 2013

September 2, 2016

The business confidence indicator came in at 62.0 points in August, according to the Central Bank. The result was just above the 61.0 points recorded in July and marked the highest level since March 2013. The business confidence indicator is now further above the 50-point threshold that separates optimistic from pessimistic territory.

Businesses’ opinions regarding the current economic situation improved over the previous month mainly due to an increase in sales, new orders and an upbeat perception of their own business. The firms also indicated that their financial situation had improved over the previous month. Concerning businesses’ prospects in the next three months, they were more optimistic with respect to the state of the general economy and the expected demand for their companies’ goods and services.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.4% this year, which is unchanged from last month’s forecast. For 2017, panel participants see investment growing 4.1%.


Author: Marlène Rump, Senior Data Analyst

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Peru Business Confidence August 2016 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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