The economy of Peru shrank by 3.79% year-on-year in October of 2020, following a 6.95% decline in the previous month. It was the softest contraction in economic activity in the current eight-month sequence of decreases, amid the easing of coronavirus restrictions. Output fell less mostly for manufacturing (-3.34% vs -6.31% in September); trade (-3.81% vs -6.14%); transport & storage (-23.11% vs -25.7%); restaurants & lodging (-44.40% vs -50.15%); business services (-14.97% vs -16.59%) and mining & quarrying (-2.83% vs -12.22%). In addition, agricultural activity rebounded (2.38% vs -2.57%) while activity expanded further for telecommunications (6.70% vs 5.13%) and finance & insurance (21.32% vs 21.42%). source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru averaged 3.47 percent from 2008 until 2020, reaching an all time high of 14.08 percent in April of 2008 and a record low of -39.19 percent in April of 2020. 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. Peru GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Leading Economic Index in Peru is expected to be -3.50 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 5.00 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.20 percent in 2021 and 3.70 percent in 2022, according to our econometric models.