Peru Consumer Confidence October 2017

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Peru: Consumer confidence returns to negative territory in November

December 1, 2017

The consumer confidence indicator published by GfK returned to negative territory in November. It came in at 95, down from 101 in October—the first positive reading in six months—and moved below the crucial 100-point threshold that separates pessimism from optimism among Peruvian consumers. Confidence dropped in all regions of the country, and more sharply in Central Peru.

The number of households who expected that their personal economic situation would improve in the next 12 months dropped compared to the previous month. Furthermore, the proportion of households who considered there will be higher economic growth also declined, as did the proportion of respondents who believed that the economy is currently growing. A relative majority of respondents believed that the economy is growing, but at a softer pace than before. Moreover, the number of respondents who perceived growth to have stalled rose slightly from October. Finally, the number of households that expressed discontent with the government’s actions rose significantly, representing a strong majority of respondents.

Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 3.3% in 2018, which is unchanged from last month’s estimate. In 2019, panelists expect private consumption to grow 3.0%.


Author: Massimo Bassetti, Economist

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Peru Consumer Confidence October 2017 0

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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