Peru: Consumer confidence edges down in July
The consumer confidence indicator published by GfK fell slightly from 90 in June to 88 in July. The reading reflected the deterioration in consumers’ expectations over the economy in the next 12 months and of their personal economic situations in the same time horizon. The indicator thus moved further below the crucial 100-point threshold that separates optimism from pessimism among Peruvian consumers; it has been below the threshold since November 2017.
The number of consumers who believed that the new government is taking measures to boost the economy declined in July. Nevertheless, the number of respondents who believed that with Vizcarra as president it would be possible to return to economic growth remained unchanged from June. Meanwhile, there was a small decline in the proportion of respondents who perceived the economy to be growing, but at a softer pace than before in July.