Peru: Economic activity slows further in November
January 15, 2020
In November, economic activity grew 1.9% year-on-year, decelerating slightly from October’s 2.1% outturn and surprising market expectations on the downside. Therefore, national production in January–November expanded 2.1%, down from the 2.2% increase recorded in the in January–October period.
In terms of industries, November’s expansion was underpinned by healthy growth in the trade, mining, accommodation and restaurants and telecommunication sectors. Meanwhile, the manufacturing and construction sectors reported drops in the month, while production in the fishing sector slumped.
Lastly, the annual average variation in economic activity declined from October’s 2.6% to 2.3% in November, the softest reading since September 2015.