"Peru Retail Report Q2 2015" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Sat Mar 07 2015

Over our forecast period (2015-2019) , total household spending growth in Peru is set to accelerate, boding well for the retail sector and in turn providing ample opportunity for investment. Larger disposable incomes and a growing middle-class are key drivers behind this trend ; moreover, the country's commitment to free trade looks set to ensure that Peru remains one of the most open economies for foreign investment in the region.

In 2016, we forecast that net income per household will increase by 2.3% year-on-year and that household incomes will continue to rise in an upward projection until 2019. Significantly, this is leading to the emergence of a strong middle class as the number of households falling in the USD10,000-plus income bracket is set to rise by 85% over our forecast period. Higher incomes and stable inflation rates expected over the next five years will award consumers a larger amount of disposable income, a key driver behind our forecast that total household spending will continue to rise. Those households which remain in lower-income brackets are also enjoying more robust purchasing power due to the wider availability of credit, allowing for a greater amount of retail purchases to be made. The will allow for subsequent development of the retail sector and will provide ample opportunities for foreign investment.

Full Report Details at
- http://www.fastmr.com/prod/957436_peru_retail_report_q2_2015.aspx?afid=303

Due to the trend of rising incomes, there are some sub-sectors of the retail market which are due to experience higher rates of growth; they are mainly comprised of non-necessity goods and services. As consumers have more disposable income, purchases of necessity items are likely to remain relatively steady while luxury purchases are likely to rise, as forecast in the case of Peru. This is a sign of a stable economic climate while in times of uncertainty or hardship, total household spending in these areas will generally be the first to decline. Looking at the year-on-year growth of total household spending across the...

The Peru Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Peru Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Peru to test other views - a key input for successful budgeting and strategic business planning in the Peruvian retail market.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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