Peru Consumer Confidence August 2016

Peru

Peru: Consumer confidence improves in August

September 9, 2016

In August, the consumer confidence indicator published by GfK increased from July’s 110 points to 113 points. As a consequence, the index remains above the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey, consumers’ assessment of all components was more upbeat in August. Households’ views on the economic outlook for Peru improved significantly and a majority of Peruvians see the economy improving in the coming months. Consumers indicated that they expect their finances and savings in the next 12 months to improve mildly and they were also more optimistic regarding the employment level in the year ahead.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.6% in 2016, which is down 0.1 percentage points last month’s estimate. For 2017, panelists expect total consumption to grow 3.7%.


Author: Marlène Rump, Senior Data Analyst

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Peru Consumer Confidence August 2016 1

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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