Peru: Consumer confidence rebounds in June
July 6, 2015
In June, the consumer confidence indicator published by APOYO Consultoria increased to 54 points from May’s 50 points. May’s reading was the lowest seen since August 2013 but June’s improvement puts the index back above at the 50-point threshold that separates optimistic from pessimistic territory. The survey report emphasized that the improvement in confidence comes despite falling employment and rising inflation.
Households’ views regarding the economic situation their families are facing rose to the highest level since December 2013. This contrasts with ongoing pessimistic views regarding conditions for finding employment and a deterioration in perceptions regarding price inflation. Confidence regarding the overall economy increased most among households in the low-income brackets, although optimism also improved among higher-income households.
Author: Carl Kelly, Economist