Publications

The Big Data Private Consumption Index grew 12.0% YoY in September, accelerating for the second consecutive month (7.2% in August and 2.3% YoY in July).

In the midst of a year of global uncertainty, both due to economic and geopolitical factors, Latam has shown a particular resilience that has manifested itself in the appreciation of its currencies and the reduction of its risk premiums.

The Peruvian economy keeps performing solidly, supported by the strength of domestic demand. High terms of trade, the onset of new mining projects, and the recently approved pension funds withdrawal are expected to drive output growth to 3,1 % in both 2025 and 2026, despite the electoral uncertainty.

GDP grew 3.4% year-on-year in July, above market consensus (3.0%) but below June’s pace. The primary component expanded by about 5.0%, while the non-primary component grew around 3.0%.

The article analyzes the dangers of political interference in central bank decisions, in reference to the recent actions of the President of the United States, Donald Trump, and his attack on the institutional framework of the Federal Reserve.

The Big Data Private Consumption Index recorded a YoY increase of 7,2% in August, reflecting a significant acceleration compared to the more moderate growth observed in the previous two months (2.3% y/y in July and 3.0% y/y in June).

The economy grew 2.8% year-on-year in 2Q, driven by the expansion of domestic demand (+6%). On the fiscal front, the deficit narrowed to 2.6% of GDP due to higher revenues, while public debt stood at 31.8% of GDP. Externally, the current account posted a surplus of 1.9% of GDP.

GDP grew 4.5% year-on-year in June, below the market consensus (4.8%) but higher than in the previous two months. The primary component rebounded, and the non-primary component grew by over 3.0%.