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FocusEconomics: Peru's consumer confidence rises in April

13:31 | Lima, Jun. 13.

Peru's consumer confidence indicator rose to 100 in April from 94 in March, the latest FocusEconomics' LatinFocus Consensus Forecast report affirmed.

The index —therefore— hit the critical 100-point threshold that separates pessimism from optimism among Peruvian consumers.

Last February, it moved above the 100-point threshold for the first time since October 2017.

"Consumer confidence improved in all geographical areas, but did not move into positive territory in all cases," it expressed.

According to FocusEconomics, Lima and the eastern areas were the most optimistic zones, while the strongest increase occurred in the northern part of the country, where the index remained in negative territory nonetheless.

In the central and southern parts of the country, confidence increased only modestly and remained below the 100-point threshold.

Panelists expect private consumption to grow 3.7% in 2019, which is down 0.1 percentage points from last month's forecast.

For 2020, panel participants also see consumer spending growing 3.7%.

(END) NDP/DTK/MVB

Published: 6/13/2019
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