LatAm Daily | Peruvian GDP growth surprises to the downside
Published on Thursday, July 16, 2015 | Updated on Thursday, July 16, 2015
LatAm Daily | Peruvian GDP growth surprises to the downside
Summary
Growth reached 1.2% YoY in May dragged down by non-primary activities. We expect GDP to grow around 1.5% YoY in June, below its potential growth rate. In Colombia, Industrial output fell 3.9% YoY in May mainly due to oil refining. Retail sales missed our estimate growing 2.7% YoY following a slight decline in April. These figures reinforce our downward bias for 2015
Geographies
- Geography Tags
- Latin America
- Colombia
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci