Peru Business Confidence

Peru

Peru: Business sentiment ticks up again in October, but remains stuck in pessimistic territory

November 9, 2015

Business confidence came in at 45.0 points in October, according to the Central Bank’s business confidence indicator. The result was an improvement compared to the 43.2 points registered in September and marked the strongest result in three months. However, business confidence is still below the 50-point threshold that separates optimistic from pessimistic territory.

Businesses had slightly higher expectations for the economy in the next three months as well as for the coming twelve months. They also had moderately stronger expectations regarding their particular sectors and their own businesses in the following months. Opinions regarding the current business and financial situation also registered modest gains.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to fall 3.0% this year, which is up 0.3 percentage points from last month’s forecast. For 2016, panel participants see investment growing 1.4%, which is down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Peru Business Confidence October 2015

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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