Unemployment in Peru
Peru - UnemploymentThe economy slowed considerably in the final quarter of 2019, held back by ebbing domestic demand. A slump in public capital spending led to a notable deceleration in fixed investment growth, while slower consumer credit extension and a rising unemployment rate translated into softer consumer spending. On a somewhat more positive note, the external sector strengthened, although foreign sales growth remained tame. Turning to the first quarter of this year, the pace of expansion seems to have accelerated but remained modest overall. Public capital spending surged in January-February, underpinning an acceleration in economic activity in January. However, exports fell back in the first month of 2020, while concerns over the impact of the coronavirus outbreak seem to have filtered into survey-based data, as hinted by the sizable drop in business confidence registered in February, and will most likely weigh on the external sector in the near-term.
Peru - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Peru Unemployment Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
|Bond Yield||0.0||-0.60 %||Nov 08|
|Exchange Rate||3.31||-0.06 %||Jan 01|
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April 3, 2020
The business confidence indicator dived from February’s 48.2 points to 21.8 points in March, amid mounting fears of a blow to the global economy from the coronavirus pandemic and associated containment measures.
April 2, 2020
Consumer prices in Metropolitan Lima jumped 0.65% over the previous month in March, up from February’s 0.14% increase.
March 19, 2020
At an extraordinary monetary policy meeting held on 19 March the Central Bank of Peru (BCRP) decided to cut the cash rate from 2.25% to 1.25%, the lowest level since early 2010, in response to the economic and financial spillovers from coronavirus (Covid-19).
March 16, 2020
In January, economic activity grew a 3.0% year-on-year, accelerating significantly from December’s subdued 1.2% outturn and surprising market expectations on the upside.
March 13, 2020
At its monetary policy meeting on 12 March, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010, although it singled out the spread of coronavirus (Covid-19) as the main risk to global economic activity.