Peru: Consumer confidence rises to highest level in 2012
January 16, 2013
In December, the consumer confidence indicator (INDICCA) published by APOYO Consultoria jumped to 58 points from 54 points in November. As a result, the index rose to its highest level since December 2011, thus remaining well above the 50-point threshold, which indicates that optimistic respondents outnumber pessimistic ones.
The monthly increase was broad-based, reflecting consumers' more optimistic assessment about both the current economic situation as well as their future economic prospects for the next 12 months. By socio-economic levels, the improvement was broad-based, but was particularly high in the upper socio-economic level. According to APOYO, the improvement in high-income consumers reflects households' more optimistic assessment regarding their own financial situation as well as on the economic conditions for embarking in home improvements.
Author: Ricardo Aceves, Senior Economist