Business expectations stagnated again in April, according to BCRP

The business expectations of the country, which had shown a significant rebound in the month of March, moderated again in April due to lower sales than expected, in addition to an adverse scenario for investments.

According to the BCRP Macroeconomic Expectations Survey, the intention that companies had to increase their payrolls and execute greater investments in the three-month horizon dissipated and returned to the pessimistic scenario as uncertainty about the development of the economy increased. Peru and its different productive sectors in the short term.

The BCRP rates expectations on a floor of 50 points, in which case it is considered neutral ground. Production, which went from 48 to 53 in March, fell again to 50 in April. In contrast, demand did not move from the critical 38 points compared to what was expected.

This also translated into expectations for the ‘company situation’ for the May-July period, despite the proximity of holidays, falling from 53 to 50 points, and demand in the mobile quarter is expected to barely improve from 53 to 55. Thus, 12-month hope continues to be the workhorse.

Jesús Salazar, president of the National Society of Industries (SNI), explains that internal demand has not recovered despite the moderation of inflation, and associates the fall with the degradation of Peru before the risk rating agencies and the beginning of the controversy over Chancay. “The growth of the first two months gave us hope, but now we know that March and April will be bad. Country risk is one of the components to determine the rates of creditsand companies that request working capital will be pressured,” says Salazar.

The key

Prudence. Retailers believe shoppers are saving for the big moments this year, according to data from Salesforce’s Shopping Index.