reported that all 12 business expectation indicators for the next 3 and 12 months remained in the optimistic range for 17 consecutive months in October 2025, the longest period recorded in the past seven years, since 2018.
The government agency noted that this behavior reflects a favorable perception regarding the continuity of economic growth in the short and medium term.
According to the
Central Reserve Bank's (BCR) Macroeconomic Expectations Survey, three-month economic expectations stood at 55.9 points, their highest level in more than six years, while 12-month expectations reached 61 points.
Likewise, expectations related to private investment (56.5 points) and hiring (54.3 points) remained in the optimistic range for 17 consecutive months, forecasting greater productive activity and job creation in the coming months.
"The persistence of business expectations in the optimistic range for 17 consecutive months signals a solid recovery in confidence. Macroeconomic stability and fiscal discipline are creating the conditions for greater private investment and boosting formal employment," she stated.
In addition to the context of optimistic business expectations, leading economic activity indicators also show positive signs, the Cabinet member noted.
"Electricity demand, one of the most relevant leading indicators, grew 3.1% in October, remaining in positive territory for eight consecutive months. Similarly, domestic cement consumption increased 11.1% in September, the highest rate observed since 2021, reflecting a boost in construction projects and investment," Minister Miralles detailed.
"Meanwhile, imports of consumer goods rose 5.5% in October, marking 14 consecutive months of expansion, which points to a sustained improvement in household spending," she pointed out.
The MEF stated that these improvements are supported by measures aimed at strengthening fiscal sustainability, accelerating and simplifying private and public investment, as well as modernizing State management.
It noted that among these actions are the public spending efficiency package, the new framework for public-private partnerships (PPPs) and Works for Taxes, the deregulation shock to remove barriers and expedite projects, and the 2025–2030 National Infrastructure Plan with a territorial focus.
Through these actions, Peru is moving toward sustained, competitive economic growth aimed at improving citizens’ quality of life, the MEF emphasized.