Andina

Peru: Business expectations improved in April this year

AREQUIPA,PERÚ-SETIEMBRE 23Julio Velarde, Presidente del Banco Central de Reserva,  participa en la 32 Convención Minera Perumin.Foto: ANDINA/Oscar Farje Gomero.

AREQUIPA,PERÚ-SETIEMBRE 23Julio Velarde, Presidente del Banco Central de Reserva, participa en la 32 Convención Minera Perumin.Foto: ANDINA/Oscar Farje Gomero.

14:16 | Lima, May. 3.

Business expectations improved in April this year, which reveals a different attitude of domestic and foreign investors, according to a survey conducted in that month by Central Reserve Bank of Peru (BCR), its President Julio Velarde announced.

“This is confirmed by several surveys, including a recently developed BCR study that is about to be released,” Velarde stated.

“Investor confidence is getting better, not only according to the BCR survey, but other ones that reveal a better attitude of domestic and foreign investors,” he said at the launch of a new coin commemorating the Battle of Callao.

Previous months

Most indicators (14 out of 19) measuring business expectations improved in March this year, according to a survey conducted by the issuing entity.

Likewise, all indicators showed an improvement in February this year compared to January, according BCR’s latest Survey on Macroeconomic Expectations.

Business expectations improved in January 2015 from December a year before, mainly in terms of recruitment of personnel and business situation, said Adrian Armas, manager of Economic Studies at Peru's Central Reserve Bank (BCR).

Velarde also noted that runoff candidates Pedro Pablo Kuczynski and Keiko Fujimori are aware of private investment’s importance.

He stressed how important it is to know the way public investment projects —embarked by the current administration— will be implemented.

(END) JCC/JJN/RMB/MVB

Published: 5/3/2016