Peru: Consumer confidence unchanged in March
April 17, 2015
In March, the consumer confidence indicator published by APOYO Consultoria remained at February’s 53 points. The index is still just above the 50-point threshold that separates optimistic from pessimistic territory. The survey report emphasized that March’s result equals the average for the index in 2014.
Household’s views regarding their current and expected economic situations were unchanged. Perceptions regarding conditions for finding employment and price stability did not register important changes either. Optimism regarding the overall economy increased only slight among households in the higher-income brackets, likely driven by a recent reduction in income taxes and an improvement in the skilled labor market. Meanwhile, optimism levels among the low-income group were unchanged.
Author: Carl Kelly, Economist