Peru: Business sentiment ticks up in September to highest level since February
October 7, 2020
Business confidence rose to 47.0 in September, up from August’s 38.0 as firms continued to react positively to the easing of lockdown measures in recent months. The indicator, however, still came in below the 50-point threshold that separates pessimism from optimism among firms.
Firms’ reported broad-based gains in September, with views regarding their sector, future demand for their products, and the company’s financial situation all turning optimistic. However, despite improving, views on the labor market and company investment remained in pessimistic territory.