Peru Business Confidence September 2020

Peru

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.

In wake of the Covid-19 pandemic, the LatinFocus Consensus Forecast sees fixed investment plunging 26.0% this year, which is down 1.1 percentage points from last month’s forecast. In 2021, fixed investment is seen recovering and growing 13.4%, which is up 0.2 percentage points from last month’s estimate.


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Peru Business Confidence September 20 20

Note: Business Confidence Index (Ïndice 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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