The economy of Peru shrank by 11.71 percent year-on-year in July 2020, following an 18.06 percent decline in the previous month and below market expectations of a 12.2 percent decrease. It was the fifth consecutive contraction in economic activity amid the coronavirus crisis. Output continued to shrink for trade (-11.53 % vs -27.98% in June); manufacturing (-10.39% vs -6.83%); construction (-12.78% vs -44.64%); mining (-6.22% vs -14.44%); transport & storage (-31.41% vs -44.23%); restaurants & lodging (-71.82% vs -84.35%); business services (-25.45% vs -35.77%); other services (-13.11% vs -18.35%); and agriculture & livestock shrank (-6.52% vs -1.61 percent). Meanwhile, growth was seen in fisheries (33.34% vs 48.05%); telecommunications (4.6% vs 4.43%); finance & insurance (15.96% vs 15.51%); and public administration (3.82% vs 3.71%).
Leading Economic Index in Peru averaged 3.66 percent from 2008 until 2020, reaching an all time high of 14.08 percent in April of 2008 and a record low of -39.30 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 September of 2020. source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru is expected to be -3.00 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 12.00 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.