Improved expectations for the economy in the north, but pessimism persists in the center and south BCR | Central Reserve Bank of Peru Monthly Survey of Macroeconomic Expectations | economy

There is an improvement in economic expectations three months ahead in the north, but pessimism persists in the center and south, according to the latest monthly survey of macroeconomic expectations by the Central Reserve Bank of Peru (B.C.R)

The survey reported that the expectation rose from 41.5 in April to 56.0 in May in the north, while it did not exceed 50 points in the south and center. In the south it went from 42.1 to 45.2 and in the center from 47.9 to 49.2.

The survey indicates the following, above 50 points (confidence category), below 50 points (pessimism category) and 50 points (neutral).

Looking at the 12-month economic outlook, it rose to 62.2 in May from 53.7 in April in the North. Meanwhile, in the south it was seen to go from 52.8 in April to 52.6 in May. In the center it fell from 59.6 to 55.8.

read more: Mining and Hydrocarbons is the most pessimistic sector regarding the economy and investment over the next 12 months

The regional survey had coverage of 296 companies operating in different regions of the country.

In the southern region, the demand outlook has worsened over three months. On the other hand, the three-month expectation of input prices increases in all regions, although the three-month sales price expectation decreases in the center and south. The Northern Zone registers 14 indicators out of a total of 18 in the optimistic category; Southern Region, 15; and Central Zone, 9 indicators.

Also Read: Julio Velarde: Peruvian Economy Forecast Has 2.6% Downward Bias

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