Peru Consumer Confidence June 2016


Peru: Consumer confidence plummets in June

July 8, 2016

In June, the consumer confidence indicator published by GfK experienced a sizeable reversal, falling from May’s record-high of 121 points to 109 points. Despite the severe drop, the index remains above the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey report, consumers’ assessment of their finances and savings in the next 12 months as well as their expectations of higher employment in the year ahead all deteriorated significantly. Households’ views on the economic outlook for Peru also recorded a steep fall. Moreover, the survey showed that there was a remarkable difference between those who voted for Keiko Fujimori (96 points) and Pedro Pablo Kuczynski (120 points) in the 5 June run-off election.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.5% in 2016, which is unchanged from last month’s estimate. For 2017, panelists expect total consumption to grow 3.8%.

Author: Marlène Rump, Senior Data Analyst

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Peru Consumer Confidence Chart

Peru Consumer Confidence June 2016

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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