The Central Reserve Bank (BCR) on Friday reported that leading indicators of some economic activities show the Peruvian economy has seen an improvement in the third quarter of the year, in a context in which the global economic activity has been improving faster than expected.
"The leading indicators show that the economic activity has improved in the third quarter," BCR Economic Studies Central Manager Adrian Armas affirmed.
"The electricity indicator has shown a significant recovery, following the falls recorded at the height of the crisis, between April and May," he said.
The contraction in electricity production is smaller and smaller, considering that it fell 27.4% in March, 30% in April, 25.4% in May, 12.4% in June, 5.9% in July, 2.8% in August, and only 1.9% in September.
"Nowadays, it (electricity production) is about to record last year's levels. At the regional level, this increase in electricity consumption is mostly observed in the north of the country," Armas stated.
Public investment
Likewise, according to the BCR official, the General Government's public investment has shown a clear rebound since last July, following the sharp drop in the months under strict quarantine.
"In three months (April, May, and June), the declines in investment exceeded 70%, but a recovery has been observed since the third quarter, in such a way that a decline on the order of 5% was recorded in September," he added.
(END) CNA/JJN/RMB
Published: 10/9/2020