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

Summary

In February, the Big Data Consumption and Investment Indicators suggest that domestic demand has been showing a better performance in the first months of the year 2024. In the case of the Total Investment indicator, there was a significant acceleration in spending on goods and services related to construction.

Key points

• Key points:
• The Consumer Big Data index accelerated its growth in february (+5.4% YoY; January: +4.6% YoY). Over the same period, the Big Data Investment index showed significant growth (February: +25.9% YoY; January: +26.6% YoY).
• The increase in the consumption index occurred in a context of improvement in some labor market indicators (growth in labor income and sustained job creation, especially in Metropolitan Lima), recovery in consumer confidence, and a favorable basis for comparison.
• The growth of the investment index was, in part, due to a favorable base effect (low level of comparison in the first months of 2023 due to the environment of social instability, which affected investment decisions). In addition, it was favored by the expansion of public investment.

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