Peru: Consumer confidence edges down in January
February 2, 2012
In January, the APOYO Consultoria consumer confidence indicator (INDICCA) inched down to 57 points from 58 points in December. Despite the decline, at the current level, the index remains above the 50-point threshold that separates optimism from pessimism. The fall in consumer confidence reflected consumers' less positive assessment about the current economic situation, while their assessment of future economic prospects remained unchanged compared to the December survey. The fall in consumer sentiment was felt in almost all five socio-economic levels and only at the lowest socio-economic level confidence remained stable. According to APOYO, households' perception about future job prospects and consumers' intentions regarding purchases of major durable goods remain at historically high levels.
Author: Ricardo Aceves, Senior Economist