Peru Business Confidence

In Peru, the business confidence index (Indice de Confianza Empresarial) measures the expectations the business executives have about their companies (production, demand, employment) and general economic conditions (inflation, GDP growth, exchange rates, interest rates) in the next three months. The index is based on a sample of 42 economic analysts, 28 banks and 900 non-financial companies. The ICE is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism.