"This result was explained by the greater momentum of non-primary sectors, in line with the strength of domestic demand, with the dynamism of the construction sector (9.9%), associated with higher investment, and of trade (6.8%) and services (3.6%), explained by improvements in the labor market, household consumption, and access to financing, standing out," the MEF indicated.
Meanwhile, primary sectors remained affected by the Coastal El Niño phenomenon.
In this context, the fishing sector contracted 27.4% and primary manufacturing fell 4%, mainly due to the lower anchoveta catch.
Likewise, the agriculture and livestock sector contracted 1.2% due to lower harvests of products destined for the domestic market, such as rice, olives, potatoes, hard yellow corn, and starchy corn.
The MEF explained that, with this result, the economy posted cumulative year-on-year growth of 3.1% between January and July 2026, reflecting the strength of domestic demand.
This reflects the Peruvian economy's ability to maintain its growth despite an environment marked by negative shocks, such as the strong Coastal El Niño phenomenon and increased fuel prices due to the conflict in the Middle East.
The MEF noted that leading indicators continue to point to favorable economic activity in the coming months, mainly supported by the expansion of investment and private consumption.
In August 2026, electricity production—an indicator highly correlated with GDP—increased 6.8% and, as of September 13, grew 6.8%.
On the private investment side, domestic cement dispatches grew 8.7% in August, while sales of heavy vehicles, such as trucks, increased 43.7%, confirming the sector's strong performance.
Meanwhile, private consumption indicators also maintained a favorable trend.
In August, consumer goods imports grew 19.7% in nominal terms and recorded 24 consecutive months of expansion.
Likewise, BBVA's big data-based consumption indicator increased 10.2% and recorded 33 consecutive months of growth.
Finally, the MEF stated that it will continue to foster conditions that allow for sustaining private investment and preserving macroeconomic stability, so that economic growth translates into more infrastructure, better services, and greater opportunities for citizens.
Publicado: 16/9/2026