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Peru Economic Activity January 2024

Peru: Economic activity records quickest growth since November 2022 in January

Economic activity rose 1.4% compared to the same month a year earlier in January, which contrasted December’s 0.7% decrease. January’s result marked the best reading since November 2022. The notable rebound was largely driven by an improvement in the commerce sector. Moreover, activity in the manufacturing sector gained pace, as did mining and hydrocarbons output. In contrast, the agricultural sector fell.

On a monthly basis, economic activity grew 0.4% in January, rebounding from December’s 0.6% fall. Meanwhile, the trend improved slightly, with the annual average variation of economic activity coming in at minus 0.4%, up from December’s minus 0.6%.

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