Peru Consumer Confidence December 2017


Peru: Consumer confidence weakens further in December

January 2, 2018

The consumer confidence indicator published by GfK lost further ground in December. It came in at 92, down from 95 in November and remained below the crucial 100-point threshold that separates pessimism from optimism among Peruvian consumers. Confidence dropped significantly in Lima, while it remained broadly unchanged in inland Peru.

Respondents largely perceive the economy to be growing, but at a softer pace than before. The number of respondents who believed growth has stalled rose slightly from November, however. In addition, the number of households that expressed discontent with the government’s actions rose significantly, representing almost two-thirds of respondents. Meanwhile, the number of households who expected that their personal economic situation would improve in the next 12 months was stable. Furthermore, the proportion of households who considered there will be higher economic growth was also unchanged.

Panelists surveyed for this month’s LatinFocus report expect private consumption to expand 3.3% in 2018, which is unchanged from last month’s estimate. In 2019, panelists expect private consumption to grow 3.0%.

Author: Massimo Bassetti, Senior Economist

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