Peru Consumer Confidence February 2016

Peru

Peru: Consumer confidence stabilizes at one-year high

March 14, 2016

In February, the consumer confidence indicator published by GfK held steady at the 100 points tallied in January, which had marked the best result in over one year. The index is resting on the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey report, consumers’ outlook regarding the country’s situation in the next 12 months was unchanged in February. While consumer confidence was slightly higher in Lima, it deteriorated slightly in other parts of the country.

Panelists surveyed for this month’s LatinFocus report expect total consumption to expand 3.4% in 2016, which is unchanged from last month’s estimate. For 2017, panelists expect total consumption to grow 3.7%.


Author: Angela Bouzanis, Senior Economist

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Peru Consumer Confidence February 2016

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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