Peru’s GDP grew by 4.07% in January 2025, a decline from 4.85% in December. Sectors such as transport and construction showed positive growth, while manufacturing, mining, agriculture, and others experienced slowdowns. The national production index rose by 0.26% from the previous period.

Peru’s Gross Domestic Product (GDP) experienced a year-on-year growth of 4.07% in January 2025, a decrease from the 4.85% growth recorded in the previous month. This marks the tenth successive period of economic expansion in the country. Notably, transportation output accelerated with a growth rate of 7.85%, up from 7.27% in December, while construction exhibited a strong recovery at 4.13%, reversing the previous decline of -0.88%.

Nevertheless, several sectors experienced a slowdown in growth. Manufacturing output declined to 5.53%, down from 11.85%, while commerce saw a decrease from 3.64% to 3.16%. Additionally, mining, agriculture, electricity, gas, and water output, as well as the accommodation and restaurant sector, all reported reduced growth rates compared to the previous month. Mining grew by 1.39% from 1.97%, agriculture by 3.24% from 7.54%, electricity, gas, and water by 1.46% from 1.74%, and accommodation and restaurants by 3.32% from 4.54%.

Overall, the seasonally adjusted national production index for this period saw an increase, rising by 0.26% compared to the preceding period, indicating a slight positive movement amidst the overall decline in growth rates across various sectors.

In conclusion, while Peru’s GDP continued to grow at a rate of 4.07% in January 2025, a slowdown in growth was observed in several key sectors including manufacturing, commerce, and agriculture. The positive performance in transportation and construction serves as a contrasting sign of resilience. The increase in the national production index indicates potential for future growth despite current challenges.

Original Source: www.tradingview.com