Andina

Peru: Business expectations improved in May 2018

00:19 | Lima, Jun. 8.

Business expectations regarding Peru's economic performance —once again— improved last May, thus remaining in optimistic territory, Central Reserve Bank's (BCR) latest monthly survey revealed.

"All expectation indicators and most current situation indexes are in optimistic territory," BCR pointed out.

In this sense, companies' 3- and 12-month ahead expectations for the Peruvian economy stood at 60 and 70 points, respectively, one point higher —in each case— than what was recorded the previous month.

Furthermore, confidence among entrepreneurs in the sector for the next three months climbed from 59 (April) to 60 points (May).

Plus, the same indicator for the next 12 months edged up from 66 to 69 points.

According to the State-run organization, businesses' expectations about their economic situation —for the coming 3 and 12 months— stood at 63 and 72 points, respectively.

On the other hand, companies' 3-month ahead expectations concerning product demand decreased from 65 (April) to 64 points (May), whereas those for the next 12 months went up from 73 to 75 points.

Additionally, expectations for personnel recruitment stood at 51 points in the analyzed month.

Current situation

In terms of companies' current situation, most indicators saw a rebound in May 2018.

On this optimistic trend were also expectations concerning sales (56 points) and purchase orders (54 points), BCR concluded.

(END) NDP/JAA/MVB

Published: 6/8/2018