Peru: Consumer confidence retreats in January
February 4, 2019
The consumer confidence indicator published by GfK fell to 93 in January from 99 in December, which had marked the best result since October 2017. The index therefore moved further below the critical 100-point threshold that separates pessimism from optimism among Peruvian consumers; it has been under the mark since November 2017.
The reading reflected deteriorations in both consumers’ expectations over their personal financial situation in the next 12 months and their expectations on the economy over the same time horizon. Moreover, the indicator also registered a decrease in the number of respondents who think it’s a good time to buy a house or household appliances.
Peru Private Consumption Forecast
Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 3.3% in 2019, which is unchanged from last month’s estimate. In 2020, panelists expect private consumption to grow 3.2%.