Peru Consumer Confidence February 2017

Peru

Peru: Consumer confidence declines in February

March 8, 2017

In February, the consumer confidence indicator published by APOYO Consultoría (AC) declined to 50 points (January: 53 points). The index is thus on the 50-point threshold that separates optimistic from pessimistic territory.

According to the survey, February’s result came on the back of households having a gloomier outlook on their financial situation. Participants also reported that the prospects of finding a job worsened compared to last month and that they continue to struggle covering their expenses due to elevated prices for certain food items.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.7% in 2017, which is unchanged from last month’s estimate. For 2018, panelists foresee total private consumption growing 3.6%.


Author: Marlène Rump, Senior Data Analyst

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Peru Consumer Confidence February 2017 3

Note: Consumer Confidence Index (ICC, Indice de Confianza del Consumidor). Values above 50 indicate optimistic consumer sentiment while values below 50 indicate pessimistic sentiment.
Source: APOYO Consultoría.


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