Peru Consumer Confidence

Peru

Peru: Consumer confidence stable in July

July 31, 2015

In July, the consumer confidence indicator published by APOYO Consultoria held at the 54 points registered in June. As a result, the index holds above at the 50-point threshold that separates optimistic from pessimistic territory.

The survey report emphasized that households had better perceptions about the evolution of price inflation and their purchasing power in July, reverting the negative trend that had been in place in this regard in previous months. In contrast, consumers reported that conditions for finding employment remain challenging, which is impacting the economic situation of their families. Confidence regarding the overall economy continues to lag more among households in lower-income brackets amid difficulties in the job market and relatively high prices for basic goods.

LatinFocus Consensus Forecast panelists expect total consumption to expand 4.8% in 2015, which is unchanged from last month’s estimate. For 2016, panelists expect total consumption to grow 5.0%.


Author:, Economist

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Peru Consumer Confidence July 2015

Note: Consumer Confidence Index (INDICCA). Values above 50 indicate an optimistic assessment of consumer sentiment while values below 50 indicate pessimistic assessment.
Source: APOYO Consultoria.


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