Peru: Consumer confidence inches down in February
March 15, 2012
In February, the APOYO Consultoria consumer confidence indicator (INDICCA) inched down to 56 points from 57 points in January which marked the second consecutive monthly fall in the index. Despite the decline, the index remains above the 50-point threshold that separates optimism from pessimism, suggesting favourable conditions for private consumption going forward. The monthly drop reflected consumers' less positive assessment about future economic prospects, while their assessment about the current economic situation improved over the previous month. According to APOYO, moderate price increases in February were positively perceived by consumers. However, households' perception about future job prospects deteriorated in February, with 35% of respondents to the survey expecting favourable conditions to find a job in the months to come.
Author: Ricardo Aceves, Senior Economist