Peru Consumer Confidence May 2017

Peru

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.

Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 2.9% in 2017, which is down 0.5 percentage points from last month’s estimate. For 2018, panelists expect private consumption to grow 3.5%.


Author:, Economist

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Peru Consumer Confidence May 2017 0

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.


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