Peru: Consumer confidence inches down in February but remains at healthy levels
March 14, 2013
In February, the consumer confidence indicator (INDICCA) published by APOYO Consultoria inched down to 57 points from 58 points in January, which had represented the highest level since December 2011. Despite the monthly drop, the index remains well above the 50-point threshold, which indicates that optimistic respondents outnumber pessimistic ones.
According to APOYO, households remain optimistic about the current economic situation. Moreover, the survey also showed that consumers judged positively the price moderation in February, especially in the lower socio-economic levels. In addition, sentiment among consumers in the higher socio-economic levels continued to show positive developments, mainly due to a brighter perception of current labour conditions, which in turn led to a higher willingness to embark in purchases of major goods.
FocusEconomics Consensus Forecast panellists expect total consumption to expand 5.9% this year, which is unchanged from last month's estimate. For 2014, panellists expect total consumption to grow 5.7%
Author: Ricardo Aceves, Senior Economist