Peru: Economic activity drops again in February
Economic activity decreased 0.6% year on year in February (January: -1.1% yoy). February’s smaller contraction came on the back of an improvement in the commerce sector and construction sector sectors. Lastly, activity in the manufacturing sector decreased at a sharper rate, while mining and hydrocarbons output increased.
On a monthly basis, economic activity was stable in February, which was better than January’s 0.1% fall. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 1.9% in February, down from January’s 2.4%.