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Published on Friday, April 4, 2025

Peru | Tracking consumption with real-time data in March 2025

Summary

The Big Data Private Consumption Index registered a yoy growth of 10.7% in March, accelerating from a 5.5% increase in February. The stronger growth was partly driven by two additional working days compared to the same month last year (as Easter was celebrated in March 2024).

Key points

  • Key points:
  • The increase in household spending occurred in a context where the labor market continues to show positive performance: higher formal job creation in the private sector, a decline in underemployment, and wage improvements in Lima.
  • By spending components, March showed a generalized acceleration across all categories, except for Food and Entertainment, which saw a slowdown in yoy growth but still maintained positive rates.
  • As a result, the Private Consumption Indicator recorded a growth of 8.6% in the first quarter of the year, similar to the previous quarter.

Geographies

Documents and files

Presentation (PDF)

Peru | Tracking consumption with real-time data in March 2025

Spanish - April 4, 2025

Authors

VB
Vanessa Belapatiño BBVA Research - Senior Economist
HP
Hugo Perea BBVA Research - Chief Economist
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