Peru: Consumer confidence surges in February
March 8, 2019
The consumer confidence indicator published by GfK jumped to 104 in February from 93 in January, marking the best result in over two years. The index therefore moved above the critical 100-point threshold that separates pessimism from optimism among Peruvian consumers for the first time since October 2017.
The reading reflected significant improvements in both consumers’ expectations over their personal financial situation in the next 12 months and their expectations on the economy over the same time horizon. Moreover, the indicator also registered an increase in the number of respondents who think it’s a good time to buy household appliances.
Peru Private Consumption Forecast
Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 3.3% in 2019, which is unchanged from last month’s estimate. In 2020, panelists expect private consumption to grow 3.2%.