Peru: Consumer confidence rises in May
June 14, 2012
The May consumer confidence indicator (INDICCA) published by APOYO Consultoria rose to 56 points from 54 points in April, which represents the highest level since January. As a result, the index continues to hover above the 50-threshold that separates optimism from pessimism, suggesting strong growth in private consumption going forward. The monthly improvement reflected consumers'more positive assessment about the current economic situation and future economic prospects. Moreover, the survey also showed that consumers judged positively the price moderation observed in May, particularly those respondents in the lower socio-economic levels. According to APOYO, consumers expect inflation to continue moderating in the coming months. Finally, sentiment among consumers in the higher socio-economic levels continued to show positive developments.
Author: Ricardo Aceves, Senior Economist