Peru: Consumer confidence rises in April
May 24, 2019
The consumer confidence indicator published by GfK rose to 100 in April from 94 in March. The index therefore hit the critical 100-point threshold that separates pessimism from optimism among Peruvian consumers. In February, it moved above the 100-point threshold for the first time since October 2017.
Consumer confidence improved in all geographical areas, but did not move into to positive territory in all cases. Lima and the east areas were the most optimistic zones, while the strongest increase occurred in the northern part of the country, where the index remained in negative territory nonetheless. In the central and southern parts of the country, confidence increased only modestly, and also remained below the 100-point threshold.
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%.