Peru: Business sentiment improves on higher demand expectations
November 9, 2012
In October, the business confidence indicator (Indice de Confianza Empresarial), included in the Central Bank's survey of macroeconomic expectations, rose to 64 points from 61 points in September. The reading represented a third consecutive improvement, which drove the index to the highest level since April. As a result, the index moved further above the 50-point threshold that separates optimism from pessimism. The sub-indicator of overall demand for the next three months improved notably while businesses' sales prospects for the next three months also rose over the previous month, particularly in the construction, manufacturing and services sectors. That said, firms' assessment of their financial situation remained stable.
Author: Ricardo Aceves, Senior Economist