Peru Economic Activity

Peru

Peru: Economic activity moderates in February

April 21, 2011

In February, economic activity expanded 8.5% over the same month the year before, which was below the 10.0% increase observed in January and in line with market expectations. A month-on-month comparison confirms the slowdown suggested by the annual data, as economic activity dropped a seasonally adjusted 0.88% over the previous month, which contrasted the 0.69% increase observed in January. The weaker monthly reading mainly reflected slower growth in manufacturing (January: +14.4% year-on-year; February: +11.0% yoy), as well as in construction (January: +16.2% yoy; February: +4.9% yoy). In contrast, mining contracted 3.6% in February over the same month last year. Despite the fall, the trend continues to point to resilient growth, with the annual average variation in economic activity rising from 9.3% in January to 9.5% in February, which marked the fastest pace of growth since December 2008. The Central Bank expects economic activity to grow 7.0% this year, before slowing to 6.5% in 2012.


Author:, Senior Economist

Sample Report

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

Download




Peru Economic News

  • Peru: Economic activity growth picks up in February

    April 15, 2019

    Economic activity expanded 2.1% year-on-year in February, picking up some pace from January’s subdued 1.6% increase, which had marked the weakest reading in over one year.

    Read more

  • Peru: Central Bank stands pat at March meeting

    April 12, 2019

    At its monetary policy meeting on 11 April, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.

    Read more

  • Peru: Consumer confidence plummets in March

    April 6, 2019

    The consumer confidence indicator published by GfK tumbled to 94 in March from 104 in February, which had marked the best result in over two years.

    Read more

  • Peru: Trade surplus narrows further in February on dwindling exports

    April 5, 2019

    Peru’s trade balance recorded a USD 326 million surplus in February, narrowing from January’s USD 449 million surplus and also lower than the USD 552 million surplus recorded in the same month of last year. Exports declined 3.8% year-on-year in February, due to a drop in prices, following January’s sharper 4.1% fall.

    Read more

  • Peru: Businesses grow more optimistic in March

    April 5, 2019

    The business confidence indicator rose from February’s 58.5 to 59.6 in March, and thus moved further above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. March’s improvement came chiefly on the back of better prospects on the general economic situation, as well as on demand prospects.

    Read more

More news

Search form