The economy of Peru expanded 0.63 percent year-on-year in May 2019, after stalling in the previous month. Output rose further for telecommunications (8.13 percent compared to 6.18 percent in April); transport & storage (1.74 percent compared to 1.24 percent); and restaurants & lodging (5.01 percent compared to 4.12 percent); utilities (4.25 percent compared to 3.75 percent); and other services (3.56 percent compared to 3.06 percent). Additionally, manufacturing activity (-6.77 percent compared to -13.2 percent); mining (-1.54 percent compared to -2.87 percent); and fisheries (-26.79 percent compared to -63 percent) shrank less. Meanwhile, growth slowed in agriculture & livestock (1.25 percent compared to 3.04 percent); and finance & insurance (2.31 percent compared to 3.50 percent). Also, construction activity contracted 0.3 percent, after growing 8.73 percent in the prior month. Leading Economic Index in Peru averaged 4.67 percent from 2008 until 2019, reaching an all time high of 14.08 percent in April of 2008 and a record low of -2.86 percent in June of 2009.
Leading Economic Index in Peru is expected to be 3.30 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 3.90 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.