Peru Economic Activity November 2022

Financial exercise grew 1.7% yr on yr in November (October: +2.0% yoy). Wanting on the particulars of the discharge, the commerce sector gained steam in November, whereas the agricultural sector elevated at a softer tempo. In the meantime, the development sector elevated at a stronger tempo. Lastly, exercise within the manufacturing sector dropped at a sharper fee, whereas mining and hydrocarbons output rose.

On a month-to-month foundation, financial exercise elevated 0.1% in November, matching October’s growth. In the meantime, the pattern pointed down, with the annual common progress of financial exercise coming in at 2.6%, down from October’s 2.8%.

LatinFocus Consensus Forecast panelists estimate that GDP will increase 2.7% in 2023, which is up 0.1 proportion factors from final month’s projection, and develop 2.3% in 2024.