The economy of Peru shrank 32.75 percent year-on-year in May 2020, following a record 40.49 percent contraction in the previous month and compared with market forecasts of a 30.25 percent slump. It was the second sharpest contraction in economic activity on record, amid the coronavirus crisis. Output continued to shrink in trade (-49.76 percent vs -65.41 percent in April); manufacturing (-41.51 percent vs -54.91 percent); construction (-66.43 percent vs -89.72 percent); mining (-45.79 percent vs -42.29 percent); transport & storage (-56.4 percent vs -69.11 percent); restaurants & lodging (-90.58 percent vs -94.55 percent); business services (-40.84 percent vs -61.75 percent); utilities (-21.68 percent vs -25.58 percent); fisheries (-46.99 percent vs -57.82 percent) and telecommunications (-0.31 percent vs -1.62 percent). Meanwhile, growth was recorded in agriculture & livestock (1.55 percent vs 0.57 percent); and finance & insurance (7.98 percent vs 4.60 percent).
Leading Economic Index in Peru averaged 4.14 percent from 2008 until 2020, reaching an all time high of 14.08 percent in April of 2008 and a record low of -40.49 percent in April of 2020. This page provides the latest reported value for - Peru GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Peru GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru is expected to be -6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Peru to stand at 7.50 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.20 percent in 2021 and 3.70 percent in 2022, according to our econometric models.