Peru: Consumer confidence improves across entire socio-economic spectrum
November 9, 2012
In October, the consumer confidence indicator (INDICCA) published by APOYO Consultoria rose to 55 points from 52 points in September. Consequently, the index moved further above the 50-point threshold, which indicates that optimistic consumers outnumber pessimistic respondents. The monthly increase reflected consumers' more positive assessment about their future economic prospects. According to APOYO, 45% of respondents to the October survey have better economic expectations in the next 12 months. By socio-economic level, the improvement was broad-based, reflecting increasing confidence across all levels.
Author: Ricardo Aceves, Senior Economist