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Entrepreneurs expect to recover only in a year

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business expectations in July replicated the negative trend of the first semester and gave way to the second, still in pessimistic terrain, but consolidating a favorable view of the economy in the long run. Only four of eighteen indicators in total were located in the optimistic section during the national month, all twelve months.

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According to the Survey of Macroeconomic Expectations of the Central Reserve Bank of Peru (BCRP), the indicators on the current situation of the business remained above 48 points compared to June, while sales improved from 45 to 47; purchase orders from 45 to 46; and production from 48 to 49.

Companies in the tourism sector hope that the reduction in inflation will allow an increase in trips throughout Peru. Photo: The Republic

Thus, the indicators on the economy in three months they remained at 34 points, but at twelve they improve from 41 to 43. The expectations regarding the sector in which the companies operate remain at 43 points in the short term; and in the length, in 49 points. Hard quarter.

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“The outlook is similar to that of a month ago, with minimal or no variations in the indicators. Very slight improvement in the current situation (although demand fell compared to what was expected), and marginal deterioration in expectations,” said the economist. Juan Carlos Odar.

Indeed, the expectation regarding the situation of the business in the next three months it fell from 49 to 46 points, although in the long term it seems to fall less easily, going from 54 to 53. For the demand for products in the market, goes from 51 to 49; and in length, from 58 to 56.

Finally, hiring expectations at three months were reduced from 49 to 47 points, although at twelve they remained at 51. As for expectations of investment, Peruvian businessmen lowered their forecast in the short term from 45 to 44 points; while long, from 51 to 50.

It is not the only relevant piece of information, since the former head of the Sunat Luis Arias highlighted that twelve-month inflation expectations fell from 5.35% in June to 5.16% in July, “for the first time since January of this year.”

The data

Sway. According to a report from Rextie, 49% of Peruvian businessmen believe that the political situation is the main problem that afflicts them, above the 29% who chose the price increase.

Source: Larepublica

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