Peru: Economic activity notches quickest growth since May in December
Latest reading: Economic activity increased 4.9% year on year in December (November: +4.1% yoy). The print marked the best reading since May. December’s improvement was largely due to improved readings in the commerce, manufacturing and mining sectors. In contrast, agricultural sector growth weakened.
On a monthly basis, economic activity dropped 0.2% in December, contrasting November’s 1.5% expansion. Meanwhile, the trend improved, with the annual average growth of economic activity coming in at an over two-year high of 3.3%, up from November’s 2.8%.