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

Summary

In March, the Big Data Consumption and Investment Indicators anticipate that domestic demand will have recovered in the first quarter of the year.

Key points

• Key points:
• In March, the Big Data Consumer Index continued to expand, albeit at a slower pace (+4.1% YoY; february: +5.4% YoY).This progress occurred in a context of improved labor market indicators (growth in labor income and sustained job creation).
• The Big Data Total Investment Index showed a YoY decline in March (-2.3%). This result was partly explained by an unfavorable base effect (fewer working days in March 2024, compared to the same month last year, due to Easter). On the positive side, business confidence returned to optimistic territory in March and could support private investment in the coming months.

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