Peru Economic Activity February 2017

Peru

Peru: Economic activity expands at a slower pace in February

April 21, 2017

Economic activity in Peru expanded 3.6% in February from the same month of the previous year, which was below the 4.8% rise in January. The external sector was the main contributor to the healthy increase, though February’s result also reflected solid expansions in the production, telecommunication, transport, hotel and restaurant and trade sectors. On the downside the construction, agriculture, electricity, gas and water, manufacturing and financial sectors contracted.

The annual average variation in economic activity was 3.8% in February (January: +4.0%), marking the lowest reading since April 2016.

LatinFocus Consensus Forecast panelists expect GDP to expand 3.8% in 2017, which is down 0.1 percentage points from last month’s projection. For 2018, the panel expects the economy to grow 4.0%.


Author: Marlène Rump, Senior Data Analyst

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Peru Economic Activity Chart


Peru Economic Activity February 2017

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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