Peru: Consumer confidence falls in June
July 11, 2012
The June consumer confidence indicator (INDICCA) published by APOYO Consultoria dropped to 53 points, following on two consecutive monthly rises. Despite the drop, consumer sentiment remains above the 50-point threshold that separates optimism from pessimism. According to APOYO, respondents to the June survey revealed a less positive assessment about the current economic situation and future economic prospects compared to the previous month. By socio-economic levels, the fall in consumer sentiment was broad-based, particularly in low-income households. In addition, consumers' perception of current labour market conditions and future jobs prospects deteriorated over the previous month. The survey also showed that consumers judged less positively to embark in purchases of major goods in the current economic environment.
Author: Ricardo Aceves, Senior Economist