Peru's business confidence indicator rose from February's 58.5 to 59.6 in March, and thus
, where it has been for almost two years, the latest FocusEconomics' LatinFocus Consensus Forecast report affirmed.
"Moreover, they held more positive assessments on their current sales
and production levels. On the other hand, firms had less optimistic expectations on the sector's economic prospects and their company's economic outlook in the next 3 and 12 months, it added.
Furthermore, companies had slightly less favorable yet positive hiring intentions for the next 12 months, although they expected to hire more staff in the shorter term.
FocusEconomics panelists expect fixed investment
to grow 4.6% in 2019, which is up 0.1 percentage points from last month's forecast. For 2020, panel participants see investment