Peru: Consumer confidence improves in November
November 20, 2013
In November, the consumer confidence indicator published by APOYO Consultoria increased to 52 points (October: 50 points). As a result, consumer sentiment now rests 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 of the country's economic situation. The only component that did not improve was consumers' perception regarding an improvement in household conditions, which remained at October's level. At a socioeconomic level, the largest improvement was seen in the highest income brackets, whereas confidence of consumers in the lowest income bracket didn't change.
FocusEconomics Consensus Forecast panelists expect total consumption to expand 5.3% this year, which is down 0.2 percentage points from last month's estimate. For 2014, panelists expect total consumption to grow 5.3%, which is unchanged from last month's projection.