The economy of Peru advanced 2.09 percent year-on-year in February 2019, following a 1.58 percent expansion in the previous month. Output rose further in agriculture & livestock (7.21 percent from 3.54 percent in January); telecommunications (6.68 percent from 4.9 percent) and finance & insurance (4.87 percent from 4.38 percent). Also, output shrank less in manufacturing (-1.28 percent from -5.64 percent); mining (-0.65 percent from -1.26 percent) and fisheries (-9.47 percent from -31.33 percent). On the other hand, a slowdown was recorded in trade (1.77 percent from 2.46 percent); transport & storage (2.44 percent from 2.73 percent); restaurants & lodging (3.17 percent from 4.43 percent) and business services (2.92 percent from 3.44 percent). Additionally, construction output contracted (-0.23 percent from 0.9 percent). Leading Economic Index in Peru averaged 4.74 percent from 2008 until 2019, reaching an all time high of 14.08 percent in April of 2008 and a record low of -2.86 percent in June of 2009.
Leading Economic Index in Peru is expected to be 3.70 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 3.70 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.