Peru Consumer Confidence

Peru

Peru: Consumer confidence moderates in November

December 3, 2015

In November, the consumer confidence indicator published by GfK decreased to 89 points from the 91 points tallied in October. The index has been below the 100-point threshold that separates optimistic from pessimistic territory since September 2014.

According to the survey report, consumers’ outlook regarding their own situation as well as that of the country in the next 12 months moderated in November. Consumers were also less optimistic about employment and savings prospects. Sentiment weakened significantly across lower-income brackets, but strengthened among higher-income earners. Moreover, consumer confidence was up slightly in Lima but declined outside of the capital in November.

LatinFocus Consensus Forecast panelists expect total consumption to expand 3.6% in 2015, which is down 0.1 percentage points from last month’s estimate. For 2016, panelists expect total consumption to grow 3.6%, which is also down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Peru Consumer Confidence November 2015

Note: Consumer Confidence Index (ICC, Indice de Confianza del Consumidor). Values above 100 indicate optimistic consumer sentiment while values below 100 indicate pessimistic sentiment.
Source: GfK Peru.


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