Peru Economic Activity May 2017

Peru

Peru: Economic activity shoots up in May

July 14, 2017

Economic activity expanded 3.4% over the same month last year in May, the second highest pace of expansion this year and marked a substantial acceleration from April’s 0.2% rise.

The notable result was underpinned by a double-digit expansion in manufacturing output together with growth in the fishing, telecommunications, transport and messaging, and commerce sectors.

Nevertheless, the significant gains seen this month were not enough to pull up the annual average variation in economic activity, which slid to 2.9% in May from 3.1% in April.

LatinFocus Consensus Forecast panelists expect GDP to expand 2.7% 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:, Economist

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Peru Economic Activity Chart


Peru Economic Activity May 2017 0

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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