Peru GDP YoY

The economy of Peru advanced 2.09 percent year-on-year in October 2019, slowing from a 2.22 percent growth in the previous month. It was the weakest expansion in economic activity since June, as output growth eased in construction (1.18 percent vs 3.84 percent in September); business services (3.07 percent vs 3.51 percent); telecommunications (3.79 percent vs 4.01 percent); finance & insurance (4.37 percent vs 5.76 percent); and utilities (2.65 percent vs 2.82 percent). Also, output shrank in manufacturing (-1.09 percent vs 1.38 percent); and fisheries (-0.68 percent vs 14.28 percent). In contrast, production advanced further in agriculture & livestock (4.25 percent vs 0.87 percent); transport & storage (1.87 percent vs 1.61 percent); trade (3.54 percent vs 3.44 percent); restaurants & lodging (5.95 percent vs 3.9 percent); and other services (3.23 percent vs 3.18 percent). Additionally, mining activities grew 0.67 percent, after shrinking 3.37 percent in September.

The economy of Peru advanced 2.22 percent over a year earlier in September 2019, slowing from a 3.39 percent expansion in the previous month. Output growth eased in manufacturing (1.38 percent vs 1.69 percent in August); construction (3.84 percent vs 4.53 percent); agriculture & livestock (0.87 percent vs 2.15 percent); transport & storage (1.61 percent vs 2.42 percent); other services (3.18 percent vs 3.92 percent); business services (3.51 percent vs 4.04 percent); restaurants & lodging (3.9 percent vs 6.07 percent); telecommunications (4.01 percent vs 4.73 percent); and utilities (2.82 percent vs 3.94 percent). Also, mining activities shrank 3.37 percent, after growing 4.15 percent in August. Meanwhile, output rose further in trade (3.44 percent vs 3.14 percent); fisheries (14.28 percent vs 2.3 percent); and finance & insurance (5.76 percent vs 3.53 percent).

The economy of Peru advanced 3.39 percent over a year earlier in August 2019, after a 3.28 percent expansion in July. It was the strongest growth in economic activity since December last year, as output went up further in mining (4.15 percent vs 0.26 percent in July); construction (4.53 percent vs 0.76 percent); business services (4.04 percent vs 3.54 percent); restaurants & lodging (6.07 percent vs 4.73 percent); telecommunications (4.73 percent vs 3.86 percent); transport & storage (2.42 percent vs 2.17 percent); and other services (3.92 percent vs 3.73 percent). Also, agriculture & livestock grew 2.15 percent, recovering from a 1.09 percent contraction. In contrast, output growth eased in manufacturing (1.69 percent vs 6.25 percent); trade (3.14 percent vs 3.19 percent); fisheries (2.3 percent vs 52.33 percent); finance & insurance (3.53 percent vs 5.18 percent); and utilities (3.94 percent vs 4.17 percent).

The economy of Peru advanced 3.28 percent over a year earlier in July 2019, following a 2.61 percent expansion in June. Output increased further in manufacturing (6.25 percent vs 0.53 percent in June); trade (3.19 percent vs 2.73 percent); business services (3.54 percent vs 2.95 percent); restaurants & lodging (4.73 percent vs 4.31 percent); fisheries (52.33 percent vs 14.18 percent); other services (3.73 percent vs 3.32 percent); finance & insurance (5.18 percent vs 3.83 percent); and utilities (4.17 percent vs 3.45 percent). In addition, the mining sector grew 0.26 percent, rebounding from a 3.01 percent contraction in June. Meanwhile, growth slowed in telecommunications (3.86 percent vs 5.29 percent); transport & storage (2.17 percent vs 2.53 percent); and construction (0.76 percent vs 13.63 percent). Also, agriculture & livestock shrank 1.09 percent, after a 0.01 percent decline in the prior month.

The economy of Peru grew 2.62 percent year-on-year in June 2019, after expanding 0.63 in the previous month. This was the strongest GDP growth since March.

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.