Peru Consumer Confidence

Peru

Peru: Consumer confidence moderates in August

August 29, 2014

In August, the consumer confidence indicator published by APOYO Consultoria decreased from July’s 56 points to 54 points. July’s result had marked the highest level since December of last year. Despite the moderation in August, the index remains above the 50-point threshold that separates optimistic from pessimistic territory.

Three of the four sub-components that make up the indicator were down in August. The largest declines were recorded in households’ perceptions regarding their economic situation and their ability to carry out household improvements. The outlook on conditions for finding employment was also down. Household’s views regarding price stability improved over the previous month.

Optimism regarding the overall economy fell by roughly the same magnitude in all income brackets. Weaker optimism among the low-income group was likely driven by the delayed impact of the overall improvement in the labor market observed in recent months.

APOYO emphasized that the index is above the average for the first half of the year. Moreover, APOYO states that it expects improvements in the labor market in the months to come.

LatinFocus Consensus Forecast panelists expect total consumption to expand 5.3% in 2014, which is up 0.1 percentage points from last month’s estimate. For 2015, panelists expect total consumption to grow 5.3%.


Author:, Economist

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Peru Consumer Confidence August 2014

Note: Consumer Confidence Index (INDICCA). Values above 50 indicate an optimistic assessment of consumer sentiment while values below 50 indicate pessimistic assessment.
Source: APOYO Consultoria.


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