Peru: Consumer confidence inches down in October
November 20, 2011
In October, the consumer confidence indicator (INDICCA) published by APOYO Consultoria dropped to 56 points from 57 points in September. Despite the fall, the index remains above the 50-point threshold that separates optimism from pessimism. According to APOYO, the October drop mainly reflected less consumers anticipating better conditions in the labour market. Simultaneously, the sub-indicator of job prospects for the next 12 months declined by 4 points in October, following a record-high in September. Moreover, consumers manifested lower willingness to buy durable goods and to embark on home improvements in the coming months.
Author: Ricardo Aceves, Senior Economist