Peru: Economic activity slows in February, overall trend continues downward slide
April 20, 2015
In February, economic activity expanded 0.9% over the same month of the previous year, which was down from the 1.7% increase tallied in January. According to the statistical institute, the modest expansion was mainly driven by growth in the commerce, telecommunications and financial services sectors. In contrast, the construction and manufacturing industries registered contractions.
Following on the deceleration in economic activity, the growth trend moderated further. Annual average growth in economic activity decreased from 2.2% in January to 1.8% in February, which marked the lowest point in almost five years.
Author: Carl Kelly, Economist