Peruvian businesses were more optimistic about an economic upturn —in the short- and medium-term— in July 2017, the Central Reserve Bank's (BCR) latest Survey on Macroeconomic Expectations revealed.
The index measuring 3-month ahead economic expectations inched up from 53.1 (June) to 54.8 points in July, whereas 12-month ahead expectations scaled up from 64.6 to 68.6 points.
Overall, business expectations remained in optimistic territory in the seventh month of the year, particularly those regarding the sector and the economy in the coming 12 months.
The same can be said of
expectations concerning demand for the next 3 months (62 points).
Confidence among businesses about the sector —for the next 12 months— edged up 1.3 points to 67 points. The same indicator for the next 3 months recorded 56 points.
On the other hand, companies' 3-month ahead expectations for their own situation stood at 60 points.
Lastly, 3-month ahead expectations for personnel recruitment stood at 51 points in July.
(END) DHT/MVB