The business confidence indicator ticked up to 60 in Peru last May, above April's 59, the latest FocusEconomics' LatinFocus Consensus Forecast report underlines.
According to FocusEconomics, driving the increase in business sentiment was a broad-based improvement in expectations on both, the near-future and the medium-term.
In this sense, firms
had more favorable expectations on demand levels, the company's economic situation, and the sector's economic situation in the next twelve months.
Moreover, they had more favorable expectations on the company's economic situation and the sector's economic situation in the next three months.
In addition, they had better assessments of the current business situation and their production levels. On the other hand, their hiring expectations declined somewhat.
Panelists expect fixed
investment to grow 4.4% in 2018, which is down 0.1 percentage point from last month’s forecast. For 2019, panel participants see
investment growing 5.0%, it concludes.