Peru Economic Activity

Peru

Peru: Economic activity decelerates slightly in July

September 21, 2015

In July, economic activity expanded 3.3% over the same month last year, which was slightly below the 3.9% increase tallied in June. According to the Statistical Institute, the expansion in July was mainly driven by growth in the mining and commerce sectors. In contrast, the construction and manufacturing industries tallied losses in July.

A month-on-month comparison showed that economic activity decreased a seasonally-adjusted 0.1% in July, which contrasted the 1.3% increase observed in June.

Despite the modest deceleration in economic activity, the growth trend gained momentum. Annual average growth in economic activity increased from 1.9% in June to 2.1% in July.

LatinFocus Consensus Forecast panelists expect GDP to expand 2.9% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel expects the economy to grow 3.8%.


Author:, Economist

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Peru Economic Activity July 2015

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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