BCP Economic Studies Department Manager Carlos Prieto on Wednesday reported that the
after having registered historic declines due to the COVID-19 emergency.
"There is a fast and strong rebound. Until July, the indicators showed that, in terms of activity levels, we are already around the average (figure) registered by other countries in the region," he said during an online conference.
It must be noted that the economy fell 16.3% in March and 40.49% in April (the worst performance of the year), according to figures from the National Institute of Statistics and Informatics (INEI).
However, the fourth month of the year marked a breaking point because —after April— negative GDP rates are being reversed. Thus, the economic activity registered
-32.75% (May),
-18.06% (June), and
-11.7% (July).
Within this framework, the expert mentioned the evolution in the issuance of electronic receipts and invoices.
Prieto also highlighted the better evolution in domestic cement consumption.
"It has already been reporting a decline of around 0%," he said.
Monthly evolution becomes more dynamic
However, he stated that Peru's production levels are still below those registered at the end of 2019.