Peru: Economic activity accelerates in January
March 15, 2013
In January, economic activity rose 6.2% over the same month last year, which was above the 4.3% expansion observed in December but market expectations 6.4%. The acceleration was mainly the result of solid growth in construction and a rebound manufacturing.
A month-on-month comparison confirms the acceleration suggested by the annual data, as economic activity increased a seasonally adjusted 0.22% in January, which was above the 0.14% expansion recorded in December.
As a result of the stronger annual expansion the trend stabilized in January, with annual average growth in economic activity remaining at December's 6.3%.
Author: Ricardo Aceves, Senior Economist