Peru: Consumer confidence improves in September
October 25, 2011
In September, the consumer confidence indicator (INDICCA) published by the APOYO Consultoria rose to 57 points from 56 points in August, which marked the highest level since June. At the current level, the index remains above the 50-point threshold that separates optimism from pessimism, which suggests that consumer morale maintains its elevated level. In the September survey, a majority of consumers manifested a more positive assessment about future economic prospects. The increase in consumer confidence also reflected a higher number of consumers anticipating better conditions in the labour market, who are therefore looking forward to more likelihood of finding a job in the next 12 months. According to APOYO, consumers also evinced higher willingness to buy durable goods and to embark on home improvements in the coming months.
Author: Ricardo Aceves, Senior Economist