Peruvian entrepreneurs show optimism about economic recovery and growth.

The economic outlook in Peru is showing signs of optimism among entrepreneurs, a fact highlighted by the Ministry of Economy and Finance (MEF) based on the most recent results of the Macroeconomic Expectations Survey, conducted by the Central Reserve Bank of Peru (BCRP). This is the third consecutive occasion that a strengthening of business expectations has been reported, suggesting that the business climate in the country is experiencing a notable recovery. The revealed data indicates that all business indicators are in an optimistic range, which is an encouraging sign regarding the economic situation and business activity. This optimism manifests itself on different fronts, including confidence in the overall economy, the situation of companies, projections of product demand, intentions to hire personnel, and investment plans. One of the most notable indicators is that of hiring personnel, which stands at 53.6 points, reaching the highest level since September 2016. This increase in hiring intentions suggests that companies are anticipating growth in their operations and, therefore, need additional labor, which could have a positive impact on the country's labor market. In terms of investment, expectations are also encouraging. With a score of 52.3 points, three-month investment projections have reached their highest level since January 2020. This could indicate that companies are willing to reinvest in their operations and expand their capacities, which is essential to ensure sustainable long-term growth. Furthermore, expectations regarding the economy in general have also shown an increase. With a score of 51.9, these expectations are the most optimistic since November 2020. This rise in confidence in the economy may be related to positive performance in various productive sectors that are seeing a rebound in their activities and results. Another noteworthy aspect is the performance of electricity production, which grew by 3.7% in July and 3.1% in August. These figures represent the highest growth rates since February 2024, reflecting an increase in demand and generation capacity of this vital resource for the Peruvian economy. Hydrocarbon production has also shown significant figures, with an increase of 21.7% in July and 9% in August, marking two consecutive months of growth. On the other hand, imports of capital goods have recorded a notable increase, with growth of 13.6% in July and 10.8% in August. This increase has been observed across all categories, from industrial machinery to agricultural equipment and construction materials. This flow of imports suggests that companies are in a process of modernization and expansion of their operations. The MEF has emphasized that this improvement in business expectations is not an isolated phenomenon but is aligned with the positive performance of economic activity indicators. This could imply that the country is in a growth cycle that could strengthen in the coming months. However, it is important to keep in mind that this optimism must be supported by public policies that foster a conducive environment for investment and business growth. Political stability, improvements in infrastructure, and a reduction in bureaucracy are key factors that could further boost this positive trend. In conclusion, the current economic outlook in Peru is favorable, with an increase in business expectations suggesting a path towards recovery and growth. The encouraging figures in hiring, investment, and production are clear signs that the Peruvian economy may be on the threshold of a new stage of development. However, a joint effort from all actors in the country will be required to ensure that this optimism translates into concrete results for the population.