Confidence to invest in Peru deteriorated in April from 3 points in February to 27 points in April, according to an SAE survey. The survey of 300 companies revealed that electoral uncertainty is the main reason for the decline in confidence. According to the survey, 75% of executives opted to postpone some short-term investment decisions. 4% decided to suspend their investment decisions indefinitely and 37% said they are likely to postpone their investments until after the second electoral round on 6 June.
Public investment in Peru in the first quarter of this year reached S/6.93 billion ($1.81 billion), according to data from the Ministry of Economy and Finance. At the national government level, execution reached S/3.06 billion ($795.90 million) or 12.9%. At the regional government level, execution reached S/1.09 billion ($283.88 million) or 12.7%, while investment execution in local governments reached S/2.79 billion ($725.84 million) or 12.7%.
Low-cost airline JetSMART, controlled by US investment fund Indigo Partners, formally started the certification process to operate domestic flights in Peru. The airline has been operating domestic flights in Chile since 2017 and in Argentina since 2018 and already operates international routes to Peru with flights connecting Lima, Arequipa and Trujillo with Santiago de Chile.