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

Summary

The Big Data Consumption Index accelerated in October, in a context of pension fund withdrawals that culminated in that month and a strong labor market. Meanwhile, the Big Data Investment Index (private and public) continued to decline in the same period.

Key points

• Key points:
• The acceleration of the Big Data Consumption Index has occurred in a context of pension fund withdrawals (it is estimated that 70% of total withdrawals were used between June and September). Also, conditions for household spending continue to improve: inflation is falling, and employment and wages are improving.
• By spending components, the dynamism of purchases related to Entertainment and Health stood out in October. However, spending on Tourism, Household Goods, as well as Fashion and Beauty, moderated.
• The Big Data Total Investment Index (private and public) continued to decline in October. By components, those related to Construction continue to weaken while those related to Machinery and Equipment improved slightly.

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