Peru | Tracking consumption with real-time data in November 2024

The Big Data Private Consumption Index slowed its growth in November in a context where no additional pension fund withdrawals took place (these occurred between June and October), reducing consumer liquidity.

Key points

• Key points:
• The slowdown in the Big Data Private Consumption Index reduced year-on-year growth from 12.4% in October to 8.4% in November. However, certain conditions for household spending have improved: inflation remains low and stable, while employment and wages are showing positive trends.
• By spending components, November saw notable improvements in purchases related to Entertainment, Fashion and Beauty, and Household Goods. However, spending on Education and Health moderated.
• As a result, the Big Data Private Consumption Indicator recorded growth in the fourth quarter of the year (October and November) equal to that of the previous quarter (Q4 2024: 10.4%; Q3 2024: 10.4%).

Authors

Geographies

Topics

Tags