Manufacturing in Peru

Peru Manufacturing | Economic News & Forecasts

Peru - Manufacturing

The economic panorama has darkened in recent weeks, after economic activity contracted sharply in March amid tumbling mining, fishing and manufacturing output. Unemployment spiked in Q1 as compulsory stay-at-home measures impaired business activity, while exports plummeted in the same period as external demand for Peruvian products evaporated. Turning to Q2, conditions appear increasingly bleak, as evidenced by business confidence falling to a record-low in April and unemployment continuing to rise. This comes despite one of the most comprehensive fiscal policy responses among regional peers, which includes the recently approved Reactiva Peru initiative that has injected over USD 7.0 billion into the economy through credit guarantees to affected companies. Strong external reserves and a low debt-to-GDP ratio provide further fiscal space to weather the pernicious effects of the pandemic.

Peru - Manufacturing Data

2015   2016   2017   2018   2019  
Manufacturing (annual variation in %)-0.9  -0.2  0.2  6.2  -1.7  

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Peru Manufacturing Chart

Peru Industry
Note: Annual variation of manufacturing output in %.
Source: Peru Central Bank and FocusEconomics calculations.

Peru Facts

Value Change Date
Bond Yield0.0-0.60 %Nov 08
Exchange Rate3.31-0.06 %Jan 01

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