LIMA, PERÚ - DICIEMBRE 26. Vista aérea del Centro Financiero de la capital, durante el patrullaje del helicóptero de la policía nacional. Foto: ANDINA/Marco del Río
The BBVA Research estimates that Peru’s gross domestic product for July was higher than the 0.3 percent recorded in June, boosted by a rebound in primary sectors.
Hugo Perea, chief economist for Peru at BBVA Research, said it is still too early to make a seasonally adjusted or non-seasonally adjusted projection, but it can be argued that July’s economic outcome was revised higher from the one of June.
“July GDP forecast will be ready for September 8, a week before its official publication by the National Statistics and Information Institute (INEI) on the 15th of the same month,” Perea said in statements to Andina news agency.
The BBVA Research, through its report Flash Peru, said there are signs that economic activity has started to improve, mainly driven by supply factors independent of monetary policy.
In August inflation was negative at 0.09%, lower than anticipated (BBVAe: + 0.04%; Consensus: + 0.20%). With this result, year-over-year inflation is located at 2.7% and returns into the target range after eight months.
Analysts expect that inflation will remain within range in the short term and will close the year near its upper limit.
(END)JJN/RMB
Published: 9/2/2014