Peru Economic Activity


Economic activity accelerates in February

In February, economic activity expanded 7.2% over the same month last year, which represented an acceleration compared to the 5.4% increase observed in January and was above market expectations of a 6.0% rise. The February acceleration was broad-based, with almost all the major sub-categories composing the index showing strong growth. The only exception was fishing, which contracted over the previous month. A month-on-month comparison confirms the strong reading suggested by the annual data, as economic activity expanded a seasonally adjusted 0.64% over the previous month, which was well above the 0.37% increase observed in January. As a result of stronger print, the trend stabilized in February, with annual average growth remaining unchanged at January

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Peru Economic Activity Chart

Peru Economic Activity February 2012

Note: Year-on-year changes of economic activity and annual average growth rate in %.
Source: Peru National Statistical Institute (INEI) and FocusEconomics calculations.

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