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.