Fiscal Balance in Peru
Peru - Fiscal Balance
Growth appears to have remained unremarkable in the second quarter, after cooling domestic demand and a weaker external sector caused growth to more than halve in the first quarter. Economic activity stalled in April, dragged down by a sharp fall in manufacturing, and by continued disruptions at Las Bambas mine, which also affected exports. That said, credit growth remained healthy in April and May, suggesting consumer spending was robust. On the fiscal front, the 12-month rolling budget deficit in May dropped to 1.5% of GDP from April’s 1.7%, as revenue growth was sustained while current spending increased modestly and capital spending contracted. In other news, at the end of June, Moody’s confirmed Peru’s credit rating at A3 with a stable outlook. The rating agency cited the country's favorable medium-term growth outlook, its resilience to shocks in recent years and its solid fiscal position.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 | 3.29 | -0.06 % | Jul 11 |
| Stock Market | 20,699 | -0.23 % | Jul 11 |
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Economic News
Peru: Economic activity grows at anemic pace in May
July 15, 2019
Economic activity increased a lackluster 0.6% in year-on-year terms in May, following the flat reading recorded in April—which marked the worst result in nearly 10 years.
Peru: Central Bank holds course at July meeting
July 11, 2019
At its monetary policy meeting on 11 July, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
Peru: Consumer confidence falls further into pessimistic terrain in June
July 5, 2019
The consumer confidence indicator published by GfK fell to 92 points in June from 96 points in May.
Peru: Trade surplus at seven-month low in May
July 5, 2019
Peru’s trade balance recorded a USD 29 million surplus in May, narrowing from April’s USD 251 million surplus as well as from the USD 580 million surplus recorded in the same month of last year. Exports nosedived 15.5% year-on-year in May, due to both lower prices and quantities, following April’s much softer 2.2% dip.
Peru: Business confidence at over two-year low in June
July 5, 2019
The business confidence indicator plunged from May’s 52.9 to 49.8 in June, and therefore moved below the 50-point threshold that separates optimism from pessimism, for the first time since March 2017. June’s decline came against the backdrop of a broad-based deterioration in macroeconomic expectations.
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