Manufacturing in Peru
Peru - ManufacturingThe 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
|Manufacturing (annual variation in %)||-0.9||-0.2||0.2||6.2||-1.7|
5 years of economic forecasts for more than 30 economic indicators.
Peru Manufacturing Chart
Source: Peru Central Bank and FocusEconomics calculations.
|Bond Yield||0.0||-0.60 %||Nov 08|
|Exchange Rate||3.31||-0.06 %||Jan 01|
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July 10, 2020
Merchandise exports plummeted 46.9% over the same month last year in May, softening from the record decline recorded in the month prior (April: -51.7% year-on-year) but nonetheless falling significantly.
July 9, 2020
On 9 July, the Central Bank of Peru (BCRP) maintained its key policy interest rate at the record low of 0.25% for the third meeting in a row, as widely expected by market analysts.
July 2, 2020
Business confidence jumped to 29.0 in June, up from May’s 14.0 reading as firms continued to react to the easing of lockdown measures in recent months.
July 2, 2020
Consumer prices in Metropolitan Lima fell 0.27% from the previous month in June, contrasting May's 0.20% rise and marking the first monthly fall in prices in 12 months.
June 15, 2020
Economic activity nosedived 40.5% compared to the same month a year earlier in April, which was a deterioration from March's 16.3% decrease.