Peru: Economic activity slows in September
November 19, 2019
In September, economic activity grew 2.2% year-on-year, decelerating markedly from August’s 3.4% outturn and surprising market expectations on the downside. Therefore, national production in January–September expanded 2.2%, slightly up from the 2.1% increase recorded in the in January–August period.
A sizable contraction in the mining sector and softer growth in the agricultural sector were chiefly behind September’s cooling. Meanwhile, the trade, construction, financial and telecommunication sectors expanded solidly in the month.
Lastly, the annual average variation in economic activity was stable at August’s 2.8% in September.