Peru | Tracking consumption and investment with real-time data in August 2024

Summary

The Big Data Consumption Index maintained a good performance in August, in a context of extraordinary withdrawals from pension funds. Meanwhile, the Big Data Investment Index showed a new contraction in August, where the private component appears to be showing weakness.

Key points

• Key points:
• The evolution of the Big Data Consumption Index maintained a good performance in August (11.3% in August; 13.2% in July), showing a consolidation in the recovery of household consumption so far this year. The improvement has occurred in the context of pension fund withdrawals, controlled inflation, declining interest rates, and improvements in employment and wages, especially on the formal side.
• By spending components, increases in spending on Fashion and Beauty, Entertainment, and Food stand out. Additionally, spending related to Health and Household Goods maintained a good pace.
• The Total Big Data Investment Index continued to decline in August (-7.7% in August; -4.9% in July). The contraction occurred in a context where public investment continued to grow, suggesting that the private sector may be weak. This is happening despite declining interest rates and confidence levels being in positive territory.

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