Peru’s GDP rose by 4.07% year-on-year in January 2025, down from 4.85%, marking a tenth consecutive period of growth. Transportation and construction sectors improved, while manufacturing, commerce, mining, agriculture, and accommodation showed slowed growth. The national production index increased by 0.26% from the prior period.
Peru’s economic growth, reflected in its GDP, reached 4.07% year-on-year in January 2025. This marks a decline from the previous month’s growth rate of 4.85%, indicating the tenth consecutive period of expansion in the economy. Key sectors illustrated varied performance with transportation output increasing to 7.85%, up from 7.27% in December 2024.
In contrast, the construction sector showed significant recovery with growth at 4.13%, a notable improvement from -0.88%. However, several sectors experienced a slowdown in growth compared to the prior month, including manufacturing (5.53% vs. 11.85%), commerce (3.16% vs. 3.64%), mining (1.39% vs. 1.97%), agriculture (3.24% vs. 7.54%), and electricity, gas, and water services (1.46% vs. 1.74%). Furthermore, the accommodation and restaurant sector reported a decrease from 4.54% to 3.32%.
Despite these slowdowns, the seasonally adjusted national production index saw a slight increase of 0.26% compared to the last period, indicating some resilience in economic activity amidst the decelerating growth rates.
In summary, while Peru’s GDP growth rate continues to maintain an upward trend, there is a clear deceleration in several key sectors when compared to previous months. Despite strong gains in transportation and construction, notable slowdowns in manufacturing, commerce, and agriculture suggest a cautious outlook for the economy moving forward. The increase in the national production index reflects some level of economic stability, albeit amidst varied sector performance.
Original Source: www.tradingview.com
