Peru Consumer Confidence April 2017

Peru

Peru: Consumer confidence turns positive in April

May 12, 2017

In April, the consumer confidence indicator published by GfK jumped from 95 points in March to 101 points in April, returning to optimistic territoryafter three months of negative sentiment. The devastating floods in the first quarter had dragged the index below the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey, consumers were more upbeat across all regions and socio-economic groups. While participants have a brighter view of the situation of the country in the coming year, they were slightly less optimistic about the financial situation of their household.

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: Marlène Rump, Senior Data Analyst

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Peru Consumer Confidence April 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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