Peru Business Confidence


Peru: Business confidence falls to lowest level in almost two years

July 12, 2013

The Central Bank's business confidence indicator (Indice de Confianza Empresarial) fell from 54 points in May to 51 points in June, which represents the lowest level in 22 months. As a result, the index is now just a tad above the 50-point threshold that separates optimism from pessimism.

The monthly drop was broad-based, but was particularly led by a decline in businesses' overall demand expectations for the next three months. In addition, respondents to the June survey maintained a positive assessment regarding their financial situation as well as their access to credit, but their view was less optimistic than in the previous month.

FocusEconomics Consensus Forecast panellists expect fixed investment will grow 11.2% this year, which is unchanged from last month's forecast. For 2014, participants see investment growing 10.4%.

Author:, Senior Economist

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Peru Business Confidence Chart

Peru Business Confidence June 2013

Note: Business Confidence Index (Indice de Confianza Empresarial).Values above 50 indicate an optimistic assesment in business climate while values below 50 indicate a pessimistic assesment.
Source: Peru Central Bank (BCRP).

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