Peru: Economic activity dips in March
Economic activity declined 0.3% year on year in March (February: +3.0% yoy). March’s figure was partly due to a deterioration in the commerce sector. In contrast, the agricultural sector rebounded. Lastly, activity in the manufacturing sector declined at a sharper rate, while mining and hydrocarbons output decelerated.
On a monthly basis, economic activity fell 0.3% in March, contrasting February’s 0.9% expansion. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 0.1%, down from February’s 0.0%.