The Peruvian economy continued with its recovery process in November 2020, as national production decreased by 2.81% —the smallest contraction since March of the same year— the
According to INEI, the productive activity decreased by -12.39% in the January-November period of the analyzed year, whereas it did so by -11.16% in the annualized period (December 2019-November 2020).
The result in November was determined by lower production levels in the sectors: accommodation and restaurants (-41.31%); transportation, storage, and messaging (-21.88%); mining and hydrocarbons (-4.75%); manufacture (-4.19%); services provided to companies (-11.96%); commerce (-2.46%); fisheries (-0.68%); as well as electricity, gas, and water (-0.34%).
On the contrary, the financial and insurance sector grew 22.4%, as did construction (+17.25%); telecommunications and other information services (+6.79%); public administration (+4.28%); and farming (+1.25%).
(END) NDP/CNA/MVB