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Peru: Softer decline economic activity in August

Christian Fernsby |
Economic activity decreased 9.8% year on year in August (July: -11.7% yoy), marking the best result since February as the staged reopening of the economy has helped foster a recovery in activity.

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Topics: PERU   

The softer drop was primarily due to less pronounced falls in the commerce and construction sectors.

Meanwhile, both the manufacturing and mining sectors contracted at a sharper pace in August, weighing on the overall figure somewhat.

On a monthly basis, economic activity rose 2.4% in August, which was well below July’s 8.3% expansion.

Meanwhile, the trend pointed down, with the annual average variation of coming in at minus 9.5%, down from July's minus 8.4% reading.


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