The economy of Peru advanced 3.28 percent over a year earlier in July 2019, following a 2.61 percent expansion in June. Output increased further in manufacturing (6.25 percent vs 0.53 percent in June); trade (3.19 percent vs 2.73 percent); business services (3.54 percent vs 2.95 percent); restaurants & lodging (4.73 percent vs 4.31 percent); fisheries (52.33 percent vs 14.18 percent); other services (3.73 percent vs 3.32 percent); finance & insurance (5.18 percent vs 3.83 percent); and utilities (4.17 percent vs 3.45 percent). In addition, the mining sector grew 0.26 percent, rebounding from a 3.01 percent contraction in June. Meanwhile, growth slowed in telecommunications (3.86 percent vs 5.29 percent); transport & storage (2.17 percent vs 2.53 percent); and construction (0.76 percent vs 13.63 percent). Also, agriculture & livestock shrank 1.09 percent, after a 0.01 percent decline in the prior month. Leading Economic Index in Peru averaged 4.69 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 3.30 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 3.90 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.