Peru Consumer Confidence July 2018

Peru

Peru: Consumer confidence edges down in July

August 15, 2018

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.

Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 3.3% in 2018, which is unchanged from last month’s estimate. In 2019, panelists expect private consumption to grow 3.0%.


Author:, Economist

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Peru Consumer Confidence July 2018 0

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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