Peru Consumer Confidence December 2015

Peru

Peru: Consumer confidence rises to a nearly one-year high

January 5, 2016

In December, the consumer confidence indicator published by GfK increased from the 89 points tallied in November to 98 points, which marked the best result in almost one year. The index now lies just below the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey report, consumers’ outlook regarding their own situation as well as that of the country in the next 12 months improved in December. Consumers were also more optimistic about employment and savings prospects. In addition, consumer confidence was up notably in Lima.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.3% in 2016, which is down 0.2 percentage points from last month’s estimate. For 2017, panelists expect total consumption to grow 3.6%.


Author:, Economist

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Peru Consumer Confidence December 2015

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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