FX.co ★ Peru Economic Activity Eases in November

In November 2025, Peru's GDP experienced an increase of 1.53% compared to the same month the previous year. Despite this growth being at a decelerated rate compared to the 2.85% recorded in the previous month, the economy continued to demonstrate resilience. This economic expansion was mainly driven by robust demand in the service sector, while mining and industrial activities continued to face challenges. Construction led the growth with a 9.83% increase, followed by Other Services with a 4.03% rise, and Commerce growing at 4.17%. Additionally, Public Administration and Defense grew by 4.39%, Transport by 3.25%, Services to Businesses by 4.14%, Accommodation and Restaurants by 4.38%, and Electricity, Gas, and Water by 1.10%. Conversely, Mining and Hydrocarbons saw a decrease of 6.47%, Manufacturing declined by 2.12%, Fishing dramatically fell by 17.85%, Agriculture registered a slight decrease of 0.96%, Telecommunications eased by 0.64%, and the Financial sector slipped by 0.27%. On the export front, non-traditional exports increased by 1.60%, while traditional exports suffered a significant decline of 14.15%. The seasonally adjusted production index showed a slight month-on-month drop of 0.44%, yet overall economic activity managed to grow by 3.39% over the January-November 2025 period.