Peru Consumer Confidence March 2016

Peru

Peru: Consumer confidence climbs to record high in March

April 8, 2016

In March, the consumer confidence indicator published by GfK rose to 108 points, which came in above the 100 points tallied in February and marked the highest result since records began in 2012. The index is resting slightly above the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey report, consumers’ outlook regarding their savings in the next 12 months improved in March. Consumer confidence improved in Lima as well as in the interior of the country. Confidence among Peruvian households has been relatively positive in the past months ahead of the presidential elections in April.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.4% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, panelists expect total consumption to grow 3.6%.


Author: Marlène Rump, Senior Data Analyst

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Peru Consumer Confidence March 2016

Note: Consumer Confidence Index (ICC, Indice de Confianza del Consumidor). Values above 100 indicate optimistic consumer sentiment while values below 100 indicate pessimistic sentiment.
Source: GfK Peru.


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