Peru’s Economic Growth Slows as GDP Increases by 4.07% in January 2025

Peru’s GDP rose by 4.07% year-on-year in January 2025, down from 4.85% the previous month. While sectors like transport and construction thrived, growth slowed in manufacturing, agriculture, and commerce. The seasonally adjusted national production index increased by 0.26% compared to the prior period, indicating ongoing, albeit moderated, economic expansion.

Peru’s Gross Domestic Product (GDP) experienced a year-on-year growth of 4.07% in January 2025, reflecting a decline from the previous month’s growth rate of 4.85%. This marks the tenth consecutive period of economic expansion for the country. Notably, the transport sector saw growth accelerate to 7.85%, up from 7.27% in December, while the construction sector rebounded significantly to 4.13% after a decline of 0.88%.

Conversely, several sectors experienced a slowdown in growth. The manufacturing sector reported a decrease to 5.53% from 11.85%, while commerce declined slightly from 3.64% to 3.16%. Other areas such as mining (1.39% from 1.97%), agriculture (3.24% from 7.54%), electricity, gas, and water (1.46% from 1.74%), and accommodation and restaurants (3.32% from 4.54%) also noted reduced output growth. For the reporting period, the seasonally adjusted national production index increased to 0.26% relative to the previous period.

In conclusion, while Peru’s GDP continues to demonstrate growth, the rate of that growth has eased from previous levels. Certain sectors, such as transport and construction, have shown resilience, whereas others, including manufacturing, agriculture, and commerce, have experienced notable declines. Continuous monitoring of these trends will be essential to assess the future trajectory of Peru’s economic landscape.

Original Source: www.tradingview.com