The economy of Peru advanced 1.86 percent year-on-year in November 2019, slowing from a 2.09 percent growth. It was the weakest expansion in economic activity since May, as output growth eased in agriculture & livestock (2.07 percent vs 4.25 percent); trade (3.47 percent vs 3.54 percent); restaurants & lodging (5.47 percent vs 5.95 percent); and utilities (2.48 percent vs 2.65 percent). Also, production shrink in construction (-3.71 percent vs 1.18 percent); and contracted further in manufacturing (-2.58 percent vs -1.09 percent); and fisheries (-13.77 percent vs -0.68 percent). On the other hand, output growth accelerated in mining (4.01 percent vs 0.67 percent); transport & storage (3.39 percent vs 1.87 percent); telecommunications (4.48 percent vs 3.79 percent); finance & insurance (6.24 percent vs 4.37 percent); business services (3.24 percent vs 3.07 percent); and other services (3.37 percent vs 3.23 percent).
Leading Economic Index in Peru averaged 4.63 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. 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. source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru is expected to be 3.00 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 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.