Peru Economic Activity June 2019

Peru

Peru: Economic activity accelerates in June

August 15, 2019

In June, economic activity grew 2.6% year-on-year, above May’s 0.6% lackluster outturn. Therefore, national production in January–June inched up to 1.7% from 1.5% in January–May.

Growth came on the back of healthy consumer spending and lending growth. In terms of productive sectors, expansions were recorded in the construction, commerce, telecommunications, transport and manufacturing. On the other hand, contractions were registered in the mining and fishing sectors.

Meanwhile, the annual average variation in economic activity edged up to 2.6% in June, from 2.5% the previous month, which had marked the worst result in over a year.

LatinFocus Consensus Forecast panelists expect GDP will expand 3.8% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees the economy growing 3.7%.


Author:, Economist

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Peru Economic Activity June 2019

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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