Manufacturing in Peru
Peru - Manufacturing
The economy likely gathered pace in the fourth quarter, following a subdued third quarter in which economic activity was constrained by a notable weakening in both business investment and public infrastructure spending. Hard data points to an acceleration in economic activity going into the final quarter of the year. Economic activity strengthened considerably in October, as notable job gains and robust credit growth buttressed consumer spending, while non-traditional exports expanded significantly. On top of that, credit continued to grow rapidly in November, while public investment surged throughout Q4, which suggests fixed investment bounced back in the quarter. On the fiscal front, recent data shows that the 12-month rolling budget deficit in November was 2.3%, well below the 3.0% print recorded in November 2017.Peru - Manufacturing Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Manufacturing (annual variation in %) | 5.3 | -1.1 | -0.9 | -0.6 | -0.3 |
Peru Manufacturing Chart
Source: Peru Central Bank and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.43 | -0.60 % | Oct 15 |
| Exchange Rate | 3.33 | -0.06 % | Jan 16 |
| Stock Market | 19,582 | -0.23 % | Jan 16 |
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Economic News
Peru: Economic activity soars in November
January 15, 2019
Economic activity jumped 5.3% year-on-year in November, accelerating from October’s 4.2% increase and marking the strongest increase in six months.
Peru: Business confidence moves further into optimistic territory in December
January 11, 2019
The business confidence indicator rose to 58.0 in December from November’s 55.5, and thus moved further above the 50-point threshold that separates optimism from pessimism. A broad-based improvement in sub-indexes drove the increase in business sentiment.
Peru: Trade balance swings to surplus in November, as both exports and imports contract
January 11, 2019
Peru’s trade balance recorded a USD 586 million surplus in November, swinging into positive territory from October’s revised USD 74 million deficit (previously reported: USD 155 million deficit) and slightly lower than the USD 646 million surplus recorded in the same month of last year.
Peru: Central Bank stands pat at first meeting in 2019
January 11, 2019
At its monetary policy meeting on 10 January, 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 at over one-year high in December
January 10, 2019
The consumer confidence indicator published by GfK jumped from 94 in November to 99 in December, marking the best result since October 2017.
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