Peru Consumer Confidence April 2016

Peru

Peru: Consumer confidence reaches another record high in April

May 3, 2016

In April, the consumer confidence indicator published by GfK jumped to 114 points from the 108 points tallied in March and hit the highest point since records began in 2012. The index is now even further above the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey report, consumers’ outlook regarding the economy in Peru, as well as their assessment of their finances and employment improved in April. Confidence among Peruvian citizens has shot up following the outcome of the first round of the presidential elections in April. The selection of two business-friendly candidates is encouraging Peruvians. Those living in the urban area of Lima were more upbeat, while optimism among those in rural areas was consistent with the previous month.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.5% in 2016, which is up 0.1 percentage points from last month’s estimate. For 2017, panelists expect total consumption to grow 3.7%.


Author: Marlène Rump, Senior Data Analyst

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Peru Consumer Confidence April 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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