Peru’s businesses confidence index surged to its highest level in 16 years, Lima Chamber of Commerce (CCL) Annual Executives Survey revealed.
CCL Chairman Mario Mongilardi today affirmed that 85% of respondents expect their business to grow in 2017.
“This is the first time we’ve had such high business sentiment,” he told Andina news agency.
Mongilardi explained said results were driven by the positive year for enterprises and measures announced by the new government.
Regarding the first factor, 2016 has proved a positive year for executives in terms of economic growth: over 57% of respondents reported an increase in sales this year.
As for the second reason, the CCL head stressed that “executives are giving the government’s economic policy a significantly high rating, and 56% of respondents says we have a positive economic policy.”
However, while government announcements have nurtured this positive outlook on the upcoming year, Mongilardi recognizes business confidence is yet to lead to higher private investment.
“Although the business sector welcomes the announcements with open arms, it also remains pragmatic; it is waiting to revise the legislative decrees to be issued by the government,” he added.
In this respect, CCL has submitted a government plan for the next 5 years to enrich economic and tax policies.
“We are optimistic about the future. Peru is an open economy and, just as we saw during the APEC [Forum’s Summit], this will remain unchanged, which is a good thing,” he concluded.
Conducted by CCR consulting firm, the poll surveyed 417 executives in Lima Metropolitan Area, mainly from trade (28%), services (23%), industry (13%), mining, oil and energy (4%) and others (32%) sectors.
The survey also considered executives from small (71%), medium (19%) and large (10%) enterprises.
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Published: 12/5/2016