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Peru Economic Activity March 2024

Peru: Economic activity dips in March

Economic activity declined 0.3% year on year in March (February: +3.0% yoy). March’s figure was partly due to a deterioration in the commerce sector. In contrast, the agricultural sector rebounded. Lastly, activity in the manufacturing sector declined at a sharper rate, while mining and hydrocarbons output decelerated.

On a monthly basis, economic activity fell 0.3% in March, contrasting February’s 0.9% expansion. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 0.1%, down from February’s 0.0%.

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