Peru Economic Activity April 2017

Peru

Peru: Economic activity virtually stagnates in April

June 22, 2017

Economic activity expanded 0.2% in April from the same month of the previous year, decelerating from the 0.7% rise in March. April’s result was the lowest since July 2009.

Behind April’s weak growth were contractions in the construction, manufacturing and agricultural sectors, which dragged on healthy increases recorded in the telecommunication, fishing, and public administration sub-components.

The annual average variation in economic activity was 3.1% in April, down from March’s 3.3% figure.

LatinFocus Consensus Forecast panelists expect GDP to expand 3.8% 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: Marlène Rump, Senior Data Analyst

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Peru Economic Activity Chart


Peru Economic Activity April 2017

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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