The growth expectations of Peruvian companies moderated in April, after the increase in production intentions in the fourth month of the year was not accompanied by the expected level of sales, according to the latest BCRP Macroeconomic Expectations Survey.
In detail, the expectations of Peruvian businessmen regarding the national economy For the next three months it fell to neutral ground and went from 51 to 50 points; while, twelve months later, growth expectations improved slightly, from 59 to 60. Almost static.
Regarding the expectations of sector growth in which each company performs, the three-month score fell from 51 to 50 points, a situation that is replicated in twelve months, with a drop from 60 to 59 points.
Refering to company situation In the short and medium term, business expectations for the period between May and July had a sharp decline from 53 to 50 points; while, in the twelve-month horizon, they decelerated from 62 to 61 points.
Where there was an improvement was in the expectations of demand for the products. The score for the next moving quarter went from 53 to 55 points, and in twelve months it advanced from 63 to 66. This could be explained by the arrival of the National Holidays.
However, this improvement in expected demand did not translate into higher expectations of recruitment. Thus, the three-month score for this indicator, in the short term, dropped from 51 to 49 points; while, for next year from now, they went from 56 to 54.
Nor is there any greater encouragement for the investments. Entrepreneurs’ three-month expectations to bring new capital to the market remained at 51 points, but in twelve months they fell from 58 to 57.
Business expectations: How did April go?
How did business owners do in April? After the clean and jerk in March, it seems that the results were not as expected. The score for the current situation of the companies It remained at 47 points, in negative territory, and the score corresponding to sales fell from 51 to 50.
The indicator of production It also slowed down. Already in March it had gone from 45 to 53 points, but in April it returned to 50, a score that explains why investment expectations and hiring of personnel have not improved either.
This would be associated with the demand compared to what was expected in the fourth month of the year: the score did not move from the weak 38 points, that is, there was greater production, but without the impact of expected sales.
This scenario is also reflected in the indicator of purchase orders compared to the previous month, which did not go beyond 48 points either. However, they improved days of unwanted inventorieswhich went from 19 to 15, but, probably, the companies expected an even better result.
Source: Larepublica
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