Peru: Consumer confidence turns pessimistic again in May
June 2, 2017
The consumer confidence indicator published by GfK inched down from 101 points in April to 99 points in May, dipping just below the crucial 100-point threshold and indicating pessimism among the majority of Peruvian consumers. May’s reading continued the overall downward trend since May 2016, barring April’s upsurge.
A decrease in confidence among consumers in the east and north of Peru offset increased confidence among those in the center and south of the country. In terms of socioeconomic groups, all but one group were more pessimistic. Participants were less upbeat about the country’s situation, employment opportunities and their ability to save in the coming year. Their view of the financial situation of their households deteriorated the most.
Author: Jan Lammersen, Economist