Peru Business Confidence March 2016

Peru

Peru: Business sentiment inches down in March

April 9, 2016

Business confidence came in at 46.4 points in March, according to the Central Bank’s business confidence indicator. The result is below the 46.7 points registered in February. Business confidence has been below the 50-point threshold that separates optimistic from pessimistic territory since July 2015.

Businesses’ opinions regarding the current economic situation and expectations for their sector in the next three months moderated over the previous month. However, opinions regarding product demand improved and reached the highest reading in five months.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.3% this year, which is down 0.1 percentage points from last month’s forecast. For 2017, panel participants see investment growing 3.8%.


Author: Marlène Rump, Senior Data Analyst

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Peru Business Confidence March 2016

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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