Peru: Economic activity growth loses pace in November
January 23, 2023
Economic activity grew 1.7% year on year in November (October: +2.0% yoy). Looking at the details of the release, the commerce sector gained steam in November, while the agricultural sector increased at a softer pace. Meanwhile, the construction sector increased at a stronger pace. Lastly, activity in the manufacturing sector dropped at a sharper rate, while mining and hydrocarbons output rose.
On a monthly basis, economic activity increased 0.1% in November, matching October’s expansion. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 2.6%, down from October's 2.8%.