National production increased by 2.67% in May compared to the same month in 2024, exceeding market analysts' expectations, the
National Institute of Statistics and Informatics (INEI) reported on Tuesday.
The Central Reserve Bank (BCR) had previously projected that Peru’s economy would grow by around 2.5% in May, as did the Peruvian Institute of Economics (IPE). The IPE said the increase would be driven by better performance in the construction, commerce, and services sectors.
Peru's Gross Domestic Product (GDP) has grown by 3.13% in the first five months of the year (January–May 2025), and posted a 3.40% increase over the past 12 months (June 2024–May 2025).
With this result, the Peruvian economy has now recorded 14 consecutive months of growth.
Among the sectors that stood out were: Agriculture and Livestock (+9.26%); Construction (+6.04%); Transportation, Storage, and Messaging (+5.70%); Accommodation and Restaurants (+5.07%); Government Services (+4.16%); Services Provided to Companies (+3.19%); Commerce (+3.10%); Manufacturing (+2.44%); Electricity, Gas, and Water (+1.55%); and Finance-Insurance (+0.12%).
In contrast, the sectors of Fishing (-4.55%); Mining-Hydrocarbons (-6.92%); and Telecommunications and Other Information Services (-2.18%) showed unfavorable performances.
(END) NDP/CNA/JMP/MVB
Published: 7/15/2025