Peru: Business confidence edges down in March
April 12, 2013
In March, the business confidence indicator (Indice de Confianza Empresarial), included in the Central Bank's survey of macroeconomic expectations inched down to 65 points from 66 points in February. Despite the slight drop, the index has now sit above the 50-point threshold that separates optimism from pessimism for 21 consecutive months.
The monthly drop showed that firms' sales prospects for the next three months as well as businesses' demand expectations for the next three months deteriorated over February. Meanwhile, businesses maintained a positive assessment regarding their financial situation as well as their access to credit.
FocusEconomics Consensus Forecast panellists expect fixed investment will grow 11.2% this year, which is down 0.5 percentage points from last month's forecast. For 2014, participants see investment growing 10.2%.
Author: Ricardo Aceves, Senior Economist