Peru: Consumer confidence improves in December
January 15, 2015
In December, the consumer confidence indicator published by APOYO Consultoria increased to 56 points from November’s 53 points. This marks the first increase and highest level since July. Moreover, the index pushed further above the 50-point threshold that separates optimistic from pessimistic territory. However, the survey report emphasized that consumer confidence tends to increase in December because of the holidays and end-of-year bonuses.
All four of the sub-components that make up the indicator were up in December. Household’s views regarding price stability and purchasing power improved the most over the previous month. Households’ perceptions regarding their economic situation, their ability to carry out household improvements, and conditions for finding employment were also up.
Optimism regarding the overall economy increased most among households in the high-income brackets, reaching the highest level in two years. Meanwhile, optimism levels among the low-income group increased due to higher short-term expectations for the economy.
Author: Carl Kelly, Economist