Peru's business confidence indicator rose to 58.0 in December 2018 from November's 55.5, the latest FocusEconomics' LatinFocus Consensus Forecast report informed.
This way, the
business confidence moved further above the 50-point threshold that separates optimism from pessimism.
"A broad-based improvement in sub-indexes drove the increase in business sentiment," FocusEconomics said.
Likewise, expectations on both the near- and medium-term general economic situation improved.
"Moreover, firms had more
favorable expectations for the next 3 and 12 months regarding their sector's economic prospects, and for the next 12 months the outlook on demand," it stressed.
Meanwhile, expectations on the company's situation for the next 3 and 12 months remained unchanged.
On the other hand, hiring prospects for both the next 3 and 12 months declined, as did expectations for the next 3 months on the company's demand.
Panelists expect
fixed investment to grow 4.4% in 2019, which is down 0.4 percentage points from last month's forecast. For 2020, panel participants see investment growing 4.4%.
(END) NDP/RMB/MVB
Published: 1/24/2019