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: Ricardo Aceves, Senior Economist