Peru: Business confidence inches up in April
May 12, 2014
Business confidence reached 54 points in April according to the Central Bank's business confidence indicator. The result was just a tick above the 53 points registered in March. Business confidence has been in optimistic territory-above the 50-point threshold that separates optimism from pessimism-since July 2011 except for a brief dip into negative territory in August 2013.
Businesses held to their perceptions across most areas of the index, including expectations for demand conditions and hiring in the next three months. That said, businesses' views on purchase orders were notably more optimistic compared to the previous month. Slight increases in businesses' perceptions of sales and access to credit also contributed to the overall increase in confidence.
FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.9% this year, which is down 0.4 percentage points from last month's forecast. For 2015, panel participants see investment growing 7.6%.
Author: Carl Kelly, Economist