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March 4, 2023
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Confidence recovers, but remains pessimistic

Confidence recovers, but remains pessimistic

After a slight calm in February, with fewer protests, business expectations recovered, according to the Survey of Macroeconomic Expectations of the Central Reserve Bank ().

Thus, 17 of the 18 indicators rose, although only six are in optimistic territory (above 50 points).

The expectation that registered the greatest increase was that of the three-month economy, which went from 32 points in January to 42 points in February. At 12 months the advance was from 47 points to 52 points.

Regarding the hiring of personnel for one year, it went from 50 to 54 points, while that of the investment of his company increased by four basic points, going from 51 to 55.

Look: Electricity rates will not rise in March, reported Osinergmin

The professor of the Universidad del Pacífico (UP) Enrique Castellanos stated that the fact that 12 indicators are still in pessimistic territory is a reflection that there is a divorce between the political apparatus and society.

Added to this, he stated, are the months of protest that took place in Peru and that still have consequences for expectations.

“Above all, you have a State that provides poor quality services such as education and water. That expectations change from one month to the next is not enough, ”he assured this newspaper.

DATA

The expectation of economic analysts for inflation this year went from 4.8% in January to 4% in February.

However, the financial system raised it from 4.7% to 5% in one month, and non-financial companies from 5% to 5.5%.

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