Production grows and business expectations for investment in the short term appear

In March, business expectations rose and showed mixed results with 14 of 18 indicators in optimistic territory, according to the latest BCRP Macroeconomic Expectations Survey. They highlight short-term investment, current sales and better production.

In detail, the expectations regarding the economy of the country for the next 3 months went from 47 to 51 points; while in the 12-month scenario it dropped, unexpectedly, from 62 to 59 points.

Regarding the expectations of the sector where each company develops, entrepreneurs returned to the optimistic path and scored 51 points compared to the previous record of 49 in the 3-month horizon. One year later, expectations moderated from 61 to 60 points.

How do entrepreneurs see the situation of your company in the short and long term? In 3 months, expectations will improve from 51 to 53 points; while, at 12 months, it remained at 62.

The expectations regarding product demand It did not improve, although it remains in positive territory. For the next moving quarter, between April and June, the score remained at the 53 points that appeared in the February report. For the one-year projection, they fell from 65 to 63.

There was also a slight improvement in recruitment. Businessmen’s expectations went from 49 to 51 points in the short term, but in the long term they fell from 58 to 56.

Finally, the most relevant data from the survey of the highest issuing entity: the expectations of investment of businessmen for the next 3 months returned to positive territory and progressed from 48 to 51 points, and after 12 months it remained at a solid 58.

Production and sales rose in March

However, the Current situation of business It did not leave the pessimistic terrain and the average score of national businessmen only advanced slightly from 46 to 47 points.

But the levels of sale and production of companies in March. In the first case, the grade returned to the optimistic plane and went from 48 to 51 points; while, in the second case, it shot up from 45 to 53.

This, despite the fact that the demand compared to what was expected It is still weak, and only developed from 36 to 38 points. The purchase orders compared to the previous month They also strengthened themselves and raised their grade from 44 to 48, still perfectable.

Finally, in the third month of 2024, 19 days of unwanted inventories (difference between the days of inventories corresponding to each month minus the days of desired inventories according to the companies).