Manufacturing in Peru
Peru - Manufacturing
Momentum likely waned in the last quarter of 2019, after stronger public and private consumption drove an acceleration in the third quarter. Economic activity cooled in October-December, while the unemployment rate rose and credit growth moderated in Q4, hinting at subdued household spending. On the other hand, improved external sector metrics and rising business confidence in the quarter likely cushioned the slowdown. Heading into the first quarter of 2020, a further improvement in business sentiment and a surge in public spending in January suggest a firming of growth at the year’s outset. In other news, parliamentary elections held on 26 January delivered a highly fragmented Congress. A more fragmented legislature and the poor showing of former presidential candidate Keiko Fujimori’s Popular Force could strengthen President Martín Vizcarra’s hand ahead, although structural reforms and political stability will likely remain elusive.Peru - Manufacturing Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Manufacturing (annual variation in %) | -1.1 | -0.9 | -0.2 | 0.2 | 6.2 |
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: Economy weakens in Q4, dragging full-year growth to a 10-year low
February 24, 2020
Economic growth slumped to 1.8% year-on-year (yoy) in the fourth quarter (Q3: +3.2% yoy), weighed on by cooling domestic demand.
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Peru: Economic activity closes 2019 on a sour note
February 17, 2020
In December, economic activity grew a puny 1.1% year-on-year, decelerating markedly from November’s already unremarkable 1.9% outturn and surprising market expectations on the downside.
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Peru: Central Bank keeps rates at over nine-year low at February meeting
February 13, 2020
At its monetary policy meeting on 13 February, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010.
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Peru: Business sentiment starts 2020 on a hopeful note
February 7, 2020
The business confidence indicator rose from December’s 51.0 points to 53.0 points in January.
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Peru: Inflation stable in January
February 7, 2020
Consumer prices in Metropolitan Lima rose 0.05% over the previous month in January, down from December’s 0.21% increase.
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