Peru Economic Activity


Economic activity accelerates in January

In January, economic activity rose 6.2% over the same month last year, which was above the 4.3% expansion observed in December but market expectations 6.4%. The acceleration was mainly the result of solid growth in construction and a rebound manufacturing.

A month-on-month comparison confirms the acceleration suggested by the annual data, as economic activity increased a seasonally adjusted 0.22% in January, which was above the 0.14% expansion recorded in December.

As a result of the stronger annual expansion the trend stabilized in January, with annual average growth in economic activity remaining at December's 6.3%.

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Peru Economic Activity Chart

Peru Economic Activity January 2013

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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