Peru Business Confidence

Peru

Peru: Business sentiment rises for second consecutive month

October 13, 2012

In September, the business confidence indicator (Indice de Confianza Empresarial), included in the Central Bank's survey of macroeconomic expectations, rose to 61 points from 59 points in August. The reading represented a second consecutive improvement and the highest level since April. As a result, the index remains above the 50-point threshold that separates optimism from pessimism. Although the sub-indicator of overall demand for the next three months declined slightly in September, businesses' sales prospects for the next 3 months improved notably over the previous month, particularly in the construction, manufacturing and services sectors. In addition, firms continue to asses their financial situation and their access to credit as favourable.


Author:, Senior Economist

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Peru Business Confidence September 2012

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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