Peru’s GDP grew by 4.07% in January 2025, a slowdown from 4.85% in December 2024, marking the tenth month of economic growth. Key sectors showed varied performance: transport and construction improved, while manufacturing and agriculture slowed significantly. Seasonally adjusted production index rose by 0.26%.

In January 2025, Peru’s GDP grew by 4.07% year-on-year, a decrease from the 4.85% growth recorded in December 2024. This represents the tenth consecutive month of economic expansion, but year-on-year growth has begun to ease. Notably, the transport sector saw output growth accelerate to 7.85%, up from 7.27%, while construction significantly rebounded to 4.13%, recovering from a decline of -0.88% the prior month.

Conversely, several sectors experienced a slowdown in growth. Manufacturing growth declined to 5.53% from 11.85%, and commerce growth decreased to 3.16% from 3.64%. Furthermore, mining growth slowed to 1.39% from 1.97%, and agriculture fell to 3.24% from 7.54%. Other sectors like electricity, gas, and water showed a drop to 1.46% from 1.74%, and accommodation and restaurants decreased to 3.32% from 4.54%. The seasonally adjusted national production index rose by 0.26% compared to the prior period.

Peru’s economic activity continues to grow, evidenced by a year-on-year GDP increase of 4.07%. However, the pace has slowed across several key sectors, marked by declining growth rates in manufacturing, commerce, and agriculture. Although transport and construction sectors are performing well, this recent data indicates a need for attention to areas that have underperformed as economic growth eases.

Original Source: www.tradingview.com