Peru: Consumer confidence deteriorates in January, remains in optimistic territory
February 11, 2014
In January, the consumer confidence indicator published by APOYO Consultoria fell to 52 points (December: 56 points). Despite the decline, consumer sentiment remains above the 50-point threshold that separates optimism from pessimism.
The deterioration was seen across-the-board, with all components of the indicator registering a decline compared to the previous month. Consumers' outlook regarding both their personal financial conditions and whether housing conditions would improve in the future registered improvements in January. At a socioeconomic level, worsening prospects were recorded in both the low- and the high-income brackets. Despite the overall step back, APOYO said that January's result is still encouraging and added that, "this month's fall can be explained by the seasonal factors that inflated December's result."
FocusEconomics Consensus Forecast panelists expect total consumption to expand 5.3% in 2014, which is unchanged from last month's estimate. For 2015, panelists expect total consumption to grow 5.1%.