Peru Consumer Confidence June 2018


Peru: Consumer confidence stable in June

August 3, 2018

The consumer confidence indicator published by GfK remained stable at May’s 90 in June. The reading reflected a deterioration in consumers’ expectations on the economy in the next 12 months offsetting improved expectations on their personal economic situations in the same time horizon. The indicator thus remained below the crucial 100-point threshold that separates optimism from pessimism among Peruvian consumers; it has been below the threshold since November 2017.

The number of consumers who believed that the new government is taking measures to boost the economy declined significantly in June. Furthermore, there was a drop in the number of respondents who believed that with Vizcarra as president it would be possible to return to economic growth. Consumers’ confidence in short-term economic improvements also continued to decrease. Respondents largely perceived the economy to be growing, but at a softer pace than before. Nevertheless, more households expected that their personal economic situation would improve in the next 12 months.

Peru Private Consumption Forecast

Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 3.3% in 2018, which is unchanged from last month’s estimate. In 2019, panelists expect private consumption to grow 3.0%.

Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Peru? Download a sample report now.


Peru Consumer Confidence Chart

Peru Consumer Confidence June 2018

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.

Peru Economic News

  • Peru: Trade surplus widens in June, supported by higher commodity prices

    August 13, 2018

    Peru’s trade balance recorded a USD 1,164 million surplus in June, the highest print so far this year, widening from May’s USD 544 million surplus as well as from the USD 790 million surplus recorded in the same month of last year. Growth in exports remained robust in June, coming in at 17.5% year-on-year following May’s strong 18.8% increase.

    Read more

  • Peru: Central Bank stands pat at its August meeting

    August 13, 2018

    At its 9 August monetary policy meeting, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.

    Read more

  • Peru: Business confidence ticks up in July

    August 3, 2018

    The business confidence indicator ticked up to 59 in July from June’s 58, moving further above the 50-point threshold that separates optimism from pessimism. Driving the increase in business sentiment was an improvement in expectations on the near-future, while expectations on the medium-term remained unchanged.

    Read more

  • Peru: Inflation at nine-month high in July

    August 2, 2018

    Consumer prices in Metropolitan Lima increased 0.38% month-on-month in July, above June’s 0.33% rise.

    Read more

More news

Search form