Peru’s GDP growth declined to 4.07% in January 2025 from 4.85% in December, marking ten consecutive months of expansion. The transport and construction sectors performed well, but manufacturing, agriculture, and other sectors saw growth slow. The national production index rose by 0.26% compared to the previous period.
Peru has experienced a year-on-year GDP growth of 4.07% in January 2025, which represents a decline from the previous month’s growth of 4.85%. This marks the tenth consecutive period of economic expansion. Notably, the transport sector saw considerable growth, with output rising to 7.85%, up from 7.27% in December, while the construction sector recovered significantly, achieving a growth rate of 4.13%, a remarkable increase from -0.88%.
Despite these positive developments, several sectors reported a slowdown in growth. Manufacturing dipped to 5.53% from 11.85%, commerce decreased to 3.16% from 3.64%, and mining growth fell to 1.39% from 1.97%. Agriculture also saw a decline, recording growth of 3.24% compared to 7.54%, alongside reductions in electricity, gas, and water services to 1.46% from 1.74%, as well as accommodation and restaurant services which dropped to 3.32% from 4.54%.
The seasonally adjusted national production index increased by 0.26% compared to the previous period, indicating a slight improvement in economic activity despite the overall slow growth in various sectors.
In conclusion, while Peru’s GDP growth remains positive with a reported 4.07% in January 2025, several key sectors experienced a decline in growth rates, notably in manufacturing and agriculture. However, sectors such as transport and construction demonstrated resilience, contributing to the ongoing economic expansion. The increase in the national production index further signifies a modest improvement in economic activity.
Original Source: www.tradingview.com
