Peru | GDP started the year with a positive rate

GDP grew 1.4% y/y in January. He highlighted the growth of sectors that have remained in negative territory for a long time, such as the construction sector and non-primary manufacturing. On the contrary, the agricultural sector continues to be hit by the weather.

Key points

• Key points:
• The indicators available for February suggest that growth would have been higher, which would also have been influenced by the leap year and the low year-on-year comparison base. Using the February and March growth estimates, we estimate that GDP growth in the first quarter would be between 2.0% and 2.5%. Abrir en Google Traductor • Comentarios
• On the contrary, primary GDP contracted 2.3% in January. In this group we find the agricultural sector, which continues to be hit by the climate. For its part, the fishing sector contracted due to lower anchovy landings, which in turn had a negative impact on the industry that processes these resources. On the positive side, metal mining registered an expansion of 4.6%.
• The indicators available for February suggest that growth would have been higher, which would also have been influenced by the leap year and the low year-on-year comparison base. Using the February and March growth estimates, we estimate that GDP growth in the first quarter would be between 2.0% and 2.5%.

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