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.
Author: Carl Kelly, Economist