Peru: Consumer confidence slumps in May
June 8, 2015
In May, the consumer confidence indicator published by APOYO Consultoria decreased to 50 points from April’s 56 points. May’s reading was the lowest seen since August 2013 and puts the index right at the 50-point threshold that separates optimistic from pessimistic territory. The survey report emphasized that the decline in confidence reflects not only ongoing economic troubles and falling employment, but also mounting political ineffectivness and social unrest.
Households’ views regarding their economic situations and conditions for finding employment deteriorated in May compared to April. Confidence regarding the overall economy fell most among households in the low-income brackets, although optimism also declined among higher-income households.
Author: Carl Kelly, Economist