Corporate investment plans among Peruvian companies for the next three months remain in optimistic territory, according to
Adrian Armas, Economic Studies Central Manager at the Central Reserve Bank (BCR).
"Confidence remains high. If we look at the results, expectations for the economy over the next three months remain above the 50-point mark (the neutral level), standing at 55.3, which is a high level," Armas stated.
"Expectations for the sector over the next three months—that means what companies think about their own sector during that period—also remain elevated," he added.
However, Armas noted that these levels could show a slight decline compared with the readings recorded in November 2025.
"It is possible that the electoral effect has had some influence on this, but overall, it remains above the neutral level, and that is important to highlight," he said.
According to the BCR official, economic activity remains around its potential level.
"In other words, the growth observed in the Peruvian economy is not registering inflationary pressures. Besides, leading indicators continue to show solid performance, such as domestic sales tax (IGV) collections, domestic cement consumption, imports of durable consumer goods, (...) and electronic payment receipts, among others," he explained.
Petroperu case
The BCR central manager stated that part of the fiscal deficit increase registered in recent years is related to the negative cash flow recorded by the State-owned Petroperu oil company.
"The solution to the situation facing the oil company corresponds to the government, and we understand that the necessary studies and actions are being carried out to address it," Armas said.
Regarding the arbitral awards and litigation involving the Peruvian State, he said that, should this be determined, it is the State's responsibility to make the corresponding payments.
"Despite this, Peru's fiscal position remains solid. Our country enjoys a very positive perception in this regard," he emphasized.
In this regard, Armas said it is essential to maintain fiscal consolidation and the status of a solid fiscal position—an achievement that has required considerable effort from the country in the past.
"It is a State policy that has been upheld for decades. For its benefits to continue in the years ahead, that policy must not be changed," he concluded.
(END) VLA/MVB
Published: 1/11/2026