Manufacturing in Peru
Peru - Manufacturing
Year-on-year GDP growth accelerated in the first quarter of this year from the previous period. The improvement was broad-based, with private consumption, public spending, fixed investment and exports all expanding at faster paces. That said, underlying momentum soured, as shown by the quarter-on-quarter downturn. Moving to Q2, data is scarce: Soaring inflation in April and May spells trouble for household consumption, although a lower unemployment rate in April could have lent some support to spending. Meanwhile, in late May the IMF approved a new two-year USD 5.4 billion flexible credit line arrangement to support the economy given an uncertain global backdrop. In the political arena, in a further sign of instability, President Castillo recently appointed four new ministers, including the mining minister, while the attorney general included the president in a criminal investigation, raising the risk that the president will be forced from office.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: Economic activity records slowest expansion since December 2021 in May
July 26, 2022
Economic activity expanded 2.3% year on year in May (April: +3.7% yoy).
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Peru: Merchandise exports decrease in May
July 7, 2022
Merchandise exports declined 0.8% in annual terms in May (April: +11.9% year-on-year).
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Peru: Inflation rises in June
July 7, 2022
Consumer prices increased 1.19% over the previous month in June, picking up from the 0.38% increase seen in May.
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Peru: Central Bank raises rates in July
July 7, 2022
At its 7 July meeting, the Central Bank of Peru raised its key policy interest rate by 50 basis points to 6.00%, bringing total hikes this year to 350 basis points. The hike was driven by a desire to rein in rising inflation and inflation expectations, both of which are well above the 1.0–3.0% target range.
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Peru: Economic activity growth dips in April
June 20, 2022
Economic activity increased 3.7% compared to the same month a year earlier in April, which was a deterioration from March's 3.8% increase.
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