Peru Consumer Confidence September 2016

Peru

Peru: Consumer confidence edges down in September

October 7, 2016

In September, the consumer confidence indicator published by GfK decreased from August’s 113 points to 110 points. The index remains above the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey, consumer sentiment diverged across components. Both in Lima and a majority of the other inner regions of the country, households’ views on the economic outlook for Peru weakened. Consumers indicated that they expect their savings in the next 12 months to deteriorate and they were also less optimistic regarding employment levels. Conversely, they see their household’s current financial situation improving.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.7% in 2016, which is up 0.1 percentage points last month’s estimate. For 2017, panelists also expect total consumption to grow 3.7%.


Author: Marlène Rump, Economist

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Peru Consumer Confidence September 2016 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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