Peru: Business confidence rises highest level in over a year
May 11, 2012
In April, the business confidence indicator (Indice de Confianza Empresarial) published by the Central Bank rose to 65 points from 64 points in March, as a larger number of the firms responding to the survey were optimistic about future economic prospects for the next three months. As a result of the monthly jump, the index moved further above the 50-point threshold that separates optimism from pessimism and reached, in fact, its highest level since March 2011. The April print reflected firms' positive sales expectations for the next three months. In addition, the sub-indicator of demand expectations for the next three months remained unchanged over the previous month. Moreover, the April survey showed that firms continue to assess their financial situation and their access to credit as more favourable compared to the previous month.
Author: Ricardo Aceves, Senior Economist