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July 24, 2019

Consumption Outlook. First half 2019

The running out of tailwinds, the smaller increase in financial wealth and consumer financing and the rise in uncertainty will slow down the growth household consumption expenditure to 1.8% in 2019 and 1.7% in 2020

February 8, 2019

Consumption Outlook 2H18

Consumption growth, following steady progress in H2 2018, will slow to 2.1% in 2019 and to 1.8% in 2020 as a result of a lower contribution of financial wealth, a disappearance of pent-up demand and increased uncertainty. Fiscal stimuli, increased real estate wealth and steady progress in terms of financing will enable expe…

July 6, 2018

Consumption Outlook. First half 2018

Private consumption surprised on the upside in early 2018. Growth will pick up to 2.6% in 2018, slowing to 2.1% in 2019. Incomes, housing wealth and credit will continue to show strength. The fiscal impulse included in the Peruvian annual budget for 2018 will offset the increase in oil prices and the implications of the cur…

January 18, 2018

Consumption Outlook. Second half-year 2017

Private consumption lost prominence in 2017. Its progress will slow down to around 2% in 2018-2019 due to the reduced momentum of its determining factors and the repercussions of economic policy uncertainty.