Peru: Consumer confidence improves in December
December 18, 2013
In December, the consumer confidence indicator published by APOYO Consultoria increased to 56 points (November: 52 points) and therefore consumer sentiment remains above the 50-point threshold that separates optimism from pessimism. The print reflects improvements in all but one component of the indicator. The largest increase was registered in consumers' perceptions regarding whether they can carry out household improvements. Consumers were also more optimistic about their personal economic situations, as well as regarding conditions for consumption in the future. At a socioeconomic level, the largest improvement was seen in the lowest income brackets, whereas the confidence of consumers within the highest income bracket was unchanged. FocusEconomics Consensus Forecast panelists expect total consumption to expand 5.3% in 2014, which is unchanged from last month's estimate. For 2015, panelists expect total consumption to grow 5.3%.