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.