Peru Business Confidence January 2017

Peru

Peru: Business sentiment moderates in January

February 3, 2017

The business confidence indicator came in at 56.7 points in January, according to the Central Bank. The result was below the 57.3 points recorded in December and marked the lowest level in seven months. In spite of the decrease, the business confidence indicator is still well above the 50-point threshold that separates optimistic from pessimistic territory.

The moderation in business sentiment was broad-based in January. Survey participants reported worse figures for new orders, sales, output and employment in January. For the next three months, businesses remain optimistic about the state of the economy, though their outlook is less bright than in December. They expect a slight reduction of staff and a deterioration in their sector, but were more upbeat about the financial situation of their company.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to contract 3.8% in 2017, which is unchanged from last month’s forecast. For 2018, panel participants see investment growing 4.9%.


Author: Marlène Rump, Senior Data Analyst

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Peru Business Confidence January 2017

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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