Peru’s GDP rose by 4.07% in January 2025, down from 4.85% in December, continuing a ten-month growth streak. Key sectors like transport and construction performed well, but manufacturing, agriculture, and others saw slower growth. The national production index increased by 0.26%.
In January 2025, Peru’s GDP grew by 4.07% year-on-year, a decrease from the previous month’s 4.85%. This marks the tenth consecutive month of economic growth for the nation. The transportation sector exhibited a growth acceleration, reaching 7.85%, while construction showed a notable rebound at 4.13%, recovering from -0.88% in December.
Conversely, several sectors experienced a slowdown in output growth. Manufacturing decreased to 5.53% from 11.85%, commerce fell to 3.16% from 3.64%, and mining dropped to 1.39% compared to 1.97%. Additionally, agriculture saw a decline from 7.54% to 3.24%, electricity, gas, and water reduced from 1.74% to 1.46%, and accommodation and restaurants decreased from 4.54% to 3.32%.
The seasonally adjusted national production index indicated a modest rise of 0.26% in comparison to the previous period, reflecting ongoing, albeit slowed, economic activity across various sectors in Peru.
In summary, while Peru’s GDP continues to grow, the pace of economic expansion has softened. The transportation and construction sectors showed robust performance, but other sectors such as manufacturing, commerce, and agriculture observed declines in growth rates. The slight increase in the national production index further suggests a complex economic landscape as the country enters 2025.
Original Source: www.tradingview.com
