The business expectations in April they stagnated with respect to the slight recovery observed in March, according to the recent Survey of Macroeconomic Expectations – April 2023, presented by the Central Reserve Bank (BCRP).
Although expectations regarding the country’s economy in general increased from 43 to 44 points in the short term of three months, and from 52 to 54 points in the long term of six months, the recovery forecasts in the sector where companies they develop dropped from 47 to 46 points, and from 55 to 54, respectively.
In the case of the situation of the company, the expectations of businessmen in the short term fell from 50 to 49 points, while in the long term they remained at 58. Regarding product demand, the pessimism of businessmen scored 52 to 51 points at three months, and from 60 to 61 at twelve.
Where a slight rebound was observed was in the hiring of personnel for the second semester of 2023. Thus, short-term expectations went from 45 to 47 points, while, in the long term, they went from 52 to 54.
There was also little progress in long-term investment expectations, where the note went from 53 to 55 points. However, in the short stretch they ballasted from 47 to 46.
BCRP: current situation improves, but no sales
Globally, the indicators of business expectations and the current situation registered mixed results compared to the previous month, according to the BCRP. In the month, 7 of 18 indicators are in the optimistic range.
If we refer to the current situation, and not so much about future expectations, businessmen stated that the business score dropped from 48 points in March to 47 in April.
Sales, for their part, stagnated at 47 points, although production went from 43 to 47 points. This would be due to the fact that the rainy season and landslides in the country subsided in April, a situation that is also observed in the advance of purchase orders compared to the previous month, with a score that went from 44 to 47 points.
However, the demand with respect to what was expected in April slowed down at 37 points, well below the border of optimism, although the days of unwanted inventories (products that are not placed on the market) fell from 12 to 11 days .
Source: Larepublica
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