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Business expectations mostly optimistic

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The expectations According to the latest Macroeconomic Expectations Survey of the Central Reserve Bank of Peru (BCRP), the macroeconomic events carried out in October showed a recovery for the second consecutive month, reflecting in a greater dynamics of the economy and the generation of jobs.

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According to the survey, all indicators of the current situation and expectations improved compared to the previous month. Thus, some 3-month expectations indicators and all 12-month expectations indicators were located in the tranche optimistic, which reflects the confidence of companies and investors.

Expectations about recruitment after 3 months they improved, but they are still in a pessimistic stretch with 47 points. However, the perception of the 12-month hiring of personnel continues in the optimistic section.

For the Ministry of Economy and Finance (MEF) this recovery of expectations occurs in a context of rapid improvement in private investment, which continues to exceed pre-pandemic levels.

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Thus, in the third quarter of 2021, the private investment it would accumulate four consecutive quarters of growth above its pre-pandemic levels, in line with the favorable performance of its leading indicators.

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