Peru: Consumer confidence bounces back in September
October 10, 2012
In September, the consumer confidence indicator (INDICCA) published by APOYO Consultoria inched up to 52 points from 51 points in August, which had marked the sharpest monthly drop since January 2011 and drove the index to its lowest level since August 2010. Consequently, the index hovers above the 50-point threshold, which indicates that optimistic consumers outnumber pessimistic respondents. The monthly increase reflected consumers' more positive assessment about their future economic prospects. According to APOYO, 41% of respondents to the September survey have better economic expectations in the next 12 months. By socio-economic level, the improvement was broad-based, but was experienced mainly in the lowest socio-economic category.
Author: Ricardo Aceves, Senior Economist