Peru Business Confidence April 2016

Peru

Peru: Business sentiment turns optimistic in April

May 5, 2016

Peruvian business sentiment shot up in April. The business confidence indicator came in at 54.2 points in April, according to the Central Bank. The result was a notable upswing from the 46.4 points recorded in March. The business confidence indicator is now above the 50-point threshold that separates optimistic from pessimistic territory for the first time since July 2015.

Businesses’ opinions regarding the current economic situation and expectations for their sector as well as demand in the next three months increased notably over the previous month. All the companies surveyed in April, except for hydrocarbon and mining firms, painted a brighter picture for their businesses and expect that the general economic situation will improve. In addition, businesses were optimistic regarding employment levels compared to the previous month.

Panelists surveyed for this month’s LatinFocus report expect fixed investment to grow 0.4% this year, which is up 0.2 percentage points from last month’s forecast. For 2017, panel participants see investment growing 3.7%.


Author: Marlène Rump, Senior Data Analyst

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Peru Business Confidence April 2016 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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