Peru Economic Activity December 2018

Peru

Peru: Economic activity expands robustly in December

February 15, 2019

Economic activity jumped 4.7% year-on-year in December, decelerating from November’s strong 5.3% increase. National production in the January–December period, meanwhile, rose by 4.0% from the same period in 2017.

Growth came on the back of solid domestic demand, as well as a strong expansion in non-traditional exports. Retail to expanded at a reasonable pace in December, while consumer credit growth remained buoyant.

In terms of productive sectors, all sectors except mining continued to expand. In particular, the fishing, manufacturing, utility, and financial sectors recorded the fastest expansions. The construction sector also recorded a notable increase, buttressed by surging investment in public infrastructure.

Meanwhile, annual average variation in economic activity came in at 3.9% in December, up from November’s 3.6% and the fastest pace in nearly two years.

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: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Economic Activity in Peru? Download a sample report now.

Download

Peru Economic Activity Chart


Peru Economic Activity December 2018

Note: Year-on-year changes of economic activity and annual average growth rate in %.
Source: Peru National Statistical Institute (INEI) and FocusEconomics calculations.


Peru Economic News

More news

Search form