Manufacturing in Peru
Peru - Manufacturing
The gradual economic recovery appears to be continuing in H2: Economic activity expanded in August, albeit at a slower pace than in July, amid the staged reopening of commercial activities. More recently, business confidence turned positive for the first time in nine months in October after credit growth surged in September, while the finance minister announced on 5 November that mining and construction operations would not be halted in the event of a second national lockdown, boding well for activity in Q4. Moreover, the resumption of international flights and reopening of key tourist sites in November will be a welcome boost to a shattered tourism industry. Meanwhile, President Vizcarra was removed from office on 9 November after Congress unexpectedly voted to impeach him over as-yet-unproven corruption allegations. The move promotes the head of Congress, Manuel Merino, to interim president and plunges the country into political disarray ahead of elections scheduled for April 2021.Peru - Manufacturing Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Manufacturing (annual variation in %) | -0.9 | -0.2 | 0.2 | 6.2 | -1.7 |
Peru Manufacturing Chart
Source: Peru Central Bank and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.0 | -0.60 % | Nov 08 |
| Exchange Rate | 3.31 | -0.06 % | Jan 01 |
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Economic News
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Peru: Central Bank keeps rates unchanged in January
January 14, 2021
At its first meeting of the year on 14 January, the Central Bank of Peru maintained its key policy interest rate at the record low of 0.25% for the ninth meeting in a row.
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Peru: Economic activity records softest contraction since February in November
January 14, 2021
Economic activity dropped 2.8% year-on-year in November (October: -3.8% yoy).
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Peru: Business sentiment falls into pessimistic territory in December
January 7, 2021
Business confidence dropped to 49.5 in December, down from November’s 52.8 and ending a run of seven consecutive months of improving sentiment.
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Peru: Merchandise exports increase at a softer rate in November
January 7, 2021
Merchandise exports edged up 2.4% in annual terms in November (October: +9.9% year-on-year) marking the third consecutive month of growth.
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Peru: Inflation drops slightly in December
January 4, 2021
Consumer prices in Metropolitan Lima increased 0.05% in December over the previous month, softening from November's 0.52% rise.
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