Peru: Business sentiment tumbles to six-and-a-half-year low
September 7, 2015
Business confidence came in at 42.2 points in August, according to the Central Bank’s business confidence indicator. The result was a deterioration compared to the 47.6 points registered in July and marked the lowest reading in more than six years. As a result, business confidence is well below the 50-point threshold that separates optimistic from pessimistic territory.
Businesses had significantly lower expectations for the economy in the next three months as well as for the coming 12 months. They also had weaker expectations regarding their particular sectors and their own business in the following months. Opinions regarding the current business situation, including sales and production levels, were also down.
Author: Carl Kelly, Economist