FocusEconomics: Peruvian business confidence ticks up in July

09:06 | Lima, Aug. 9.

The business confidence indicator ticked up to 59 in July from June's 58, moving further above the 50-point threshold that separates optimism from pessimism, the latest FocusEconomics' LatinFocus Consensus Forecast report highlighted.

"Driving the increase in business sentiment was an improvement in expectations on the near-future, while expectations on the medium-term remained unchanged," it expressed.

According to FocusEconomics, firms had slightly more favorable expectations for the next three months regarding: the general economic situation, the company's economic situation, hiring of new staff, and the sector's economic situation.

"However, they had a worse assessment of their current production levels," it noted.

In this sense, panelists expect fixed investment to grow 4.8% in 2018, which is up 0.3 percentage points from last month's forecast.

For 2019, panel participants see investment growing 5.1%, it concluded.


Published: 8/9/2018