Peru Consumer Confidence

Peru

Peru: Consumer confidence improves in April

May 8, 2015

In April, the consumer confidence indicator published by APOYO Consultoria increased to 56 points from March’s 53 points. April’s reading is the highest seen so far this year and the index is now a bit further above the 50-point threshold that separates optimistic from pessimistic territory. However, despite the improvement, the survey report emphasized that the result should be interpreted with caution as it remains to be seen if the recovery in consumer confidence will continue in the coming months.

Household’s views regarding their current and expected economic situations were more positive in April compared to March. Perceptions regarding conditions for finding employment also increased. Optimism regarding the overall economy increased among households in the higher-income brackets, while optimism levels among the low-income groups were broadly stable.

LatinFocus Consensus Forecast panelists expect total consumption to expand 4.8% in 2015, which is unchanged from last month’s estimate. For 2016, panelists expect total consumption to grow 5.0%.


Author:, Economist

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Peru Consumer Confidence April 2015

Note: Consumer Confidence Index (INDICCA). Values above 50 indicate an optimistic assessment of consumer sentiment while values below 50 indicate pessimistic assessment.
Source: APOYO Consultoria.


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