Peru Business Confidence January 2020

Peru

Peru: Business sentiment starts 2020 on a hopeful note

February 7, 2020

The business confidence indicator rose from December’s 51.0 points to 53.0 points in January. Thus, the indicator moved further above the 50-point threshold that separates pessimism from optimism, and logged the best print in nine months.

January’s increase reflected a broad-based improvement in the index’s sub-components. Expectations on the general economic situation in the next 3 months got rosier, as did businesses perceptions of the conditions of the sector in the next 3 and 12 months as well as the outlook on the company’s financial situation and on the demand for the company’s products in the same time horizons. Meanwhile, expectations on the general economic situation in the next 12 months remained unchanged.

Panelists expect fixed investment to contract 3.6% in 2020, which is unchanged from last month’s forecast. For 2021, panel participants see investment growing 3.8%.


Author: Massimo Bassetti, Economist

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Peru Business Confidence January 20 20 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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