FX.co ★ Peru Economic Activity Below Expectations in February

In February 2025, Peru's GDP experienced a year-on-year growth of 2.68%, a deceleration from the 4.07% growth rate registered in January and failing to meet market forecasts of a 3.5% rise. However, this continued the pattern of economic growth for the eleventh consecutive period. The growth rate in several key sectors moderated, including transportation, which saw a rise of 5.66% compared to 7.85% in January, manufacturing at 1.94% down from 5.53%, commerce at 3.09% versus 3.16%, and accommodation and restaurants, which increased by 0.64% compared to 3.32% in the previous month. Conversely, the mining sector saw a contraction of 1.36%, down from a 1.39% expansion, as did the electricity, gas, and water sector, which fell by 1.64%, reversing a previous growth of 1.46%. Meanwhile, construction and agriculture posted accelerated growth at 5.91% and 4.35%, respectively, compared to their prior figures of 4.13% and 3.24%. During this period, the national production index, adjusted for seasonal variations, declined by 0.10% from the previous month.