Fiscal Balance in Peru
Peru - Fiscal Balance
Growth halved in the second quarter, weighed on by a worsening external backdrop. While household spending also weakened amid downbeat consumer sentiment, fixed investment jumped on the back of upbeat mining investment, which, together with a rebound in government spending, led to stronger domestic demand. Turning to the third quarter, available data points to some recovery in activity. In July, credit growth was strong and consumer confidence ticked up. That said, business sentiment soured in July-August, while, on the fiscal front, the 12-month rolling budget deficit inched up to 1.6% of GDP in July from June’s 1.5% of GDP but still remained well below the 2.1% figure recorded in July 2018. Meanwhile, in late August, the government sent Parliament the 2020 budget, which plans to raise public spending by over 5%, and allocates additional resources for the education, health and agricultural departments.Peru - Fiscal Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 0.9 | -0.2 | -1.9 | -2.3 | -3.0 |
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.43 | -0.60 % | Oct 15 |
| Exchange Rate | 3.38 | -0.06 % | Sep 04 |
| Stock Market | 19,242 | -0.23 % | Sep 04 |
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Economic News
Peru: Central Bank holds fire in September
September 12, 2019
At its monetary policy meeting on 12 September, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at a nine-year low of 2.50%, following August’s 25 basis point cut.
Peru: Trade surplus narrows in July
September 6, 2019
Peru’s trade balance recorded a USD 456 million surplus in July, smaller than June’s USD 815 million surplus and the USD 556 million surplus recorded in the same month last year. Exports fell 2.7% year-on-year in July (June: -12.1 year-on-year), weighed down by lower foreign sales of fishing and mining products, and of oil and natural gas.
Peru: Inflation inched down in August
September 6, 2019
Consumer prices ticked up 0.06% over the previous month in August, following July’s 0.20% month-on-month fall.
Peru: Business confidence falls to two-and-a-half-year low in August
September 6, 2019
The business confidence indicator fell to 45.0 points in August from 49.0 points in July, the lowest print since March 2017.
Peru: Growth sinks to four-and-a-half-year low in Q2
August 22, 2019
Economic growth halved to 1.2% year-on-year in the second quarter, from a revised 2.4% expansion in the first quarter (previously reported: +2.3% year-on-year), marking the slowest expansion since Q4 2014.
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