Peru: Consumer confidence inches up in April
May 9, 2012
The April consumer confidence indicator (INDICCA) published by APOYO Consultoria edged up to 54 points from 53 points March, when the index dropped to its lowest level since April 2011. The index continues to linger above the 50-threshold that separates optimism from pessimism, suggesting healthy growth in private consumption going forward. According to APOYO, the improvement seen in April was primarily the result of consumers' more positive assessment about their future economic prospects, particularly in the lower socio-economic levels. Accordingly, respondents in the lower socio-economic levels showed more optimism regarding their future job prospects for the next 12 months. Moreover, the April survey showed that sentiment among consumers in the higher socio-economic levels continues to show positive developments.
Author: Ricardo Aceves, Senior Economist