Most economic indicators returned to an optimistic range in July, according to the recent Macroeconomic Expectations Survey prepared by the Central Reserve Bank (BCRP)In the month in which operations at the Tía María mine in Arequipa were resumed, short-term expectations for the Peruvian economy in 3 months rose from 50 to 51 points; while long-term expectations in 12 months remained at 59.
Regarding the future of the sector in which the surveyed companies operate, expectations for 3 months rose from 51 to 52 points, and those for 12 months did the same, going from 59 to 60.
Business leaders are also optimistic about the short-term situation of the company: for the three-month period from August to October, the indicator rose from 52 to 53 points. For the next 12 months, it remains at 61.
The expected demand in the short term also improved and went from 55 to 56 units, although it slightly decreased from 65 to 64 for the next year. The hiring of more personnel in the following 3 months remained at 51 units, although it improved slightly from 58 to 59 for the annualized horizon. Finally, investments, both in the short and long term, improved: from 50 to 51 in the short term, and from 58 to 59 in the long term.
July was a good month for doing business
As for the current business situation, all indicators improved in July. There was a clear recovery in domestic demand during the month of Fiestas Patrias, which could have been pushed aside by the seasonal factor.
The business situation improved from 48 to 49 points, while sales rose from 51 to 53. This scenario could have also boosted future expectations.
The production score went from 50 to 52 units, while demand compared to expectations improved strongly from 38 to 42. Finally, orders compared to the previous month progressed from 48 to 51 points, and days of unwanted inventory were reduced from 15 to 14. A great month for the surveyed entrepreneurs.
Source: Larepublica
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