Peru: Consumer confidence stable in February
March 11, 2014
In February, the consumer confidence indicator published by APOYO Consultoria held steady at January's 52 points. The result indicates that consumers are still optimistic as the index remains above the 50-point threshold that separates optimism from pessimism. Consumers' outlook on the overall economy was broadly stable in February, although their assessments regarding their own economic conditions deteriorated over the previous month. According to APOYO, households were slightly more pessimistic as a result of, “the slight increase in inflation in the early months of the year.” At a socioeconomic level, worsening prospects were recorded in the low-income bracket; conversely, the high-income bracket registered a substantial improvement. FocusEconomics Consensus Forecast panelists expect total consumption to expand 5.4% in 2014, which is up 0.1 percentage points from last month's estimate. For 2015, panelists expect total consumption to grow 5.3%.