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

Summary

In January, the Consumer Big Data index accelerated its growth (+4.6% YoY; December 2023: +2.6% YoY). Over the same period, the Big Data Investment index showed significant growth (+26.6% YoY; December 2023: +4.2% YoY).

Key points

• Key points:
• The increase in the consumption index occurred in a context of improvement in some labor market indicators (recovery of labor income and sustained job creation, especially in Metropolitan Lima).
• The digitalization of consumption continues to advance: the use of cash is decreasing, while online channels are experiencing growth.
• 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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