Private investment in Peru continues in free fall and, according to data from the National Institute of Statistics and Informatics (INEI), it recorded a decline of -6.2% in the third quarter of 2023.
However, this is the best quarterly record so far this year, since in the January-March period, the drop in private investment was -12%, weighed down by high social conflict and the onset of climate change.
For the April-June period, the drop was -8.5% due to low business confidence and the loss of self-construction momentum in the country, according to what was reported by BCRP at the time.
Exports also registered a slight slowdown, from progress of 7% in the second quarter, to a modest 0.4% for the July-September period.
For its part, the country’s purchasing capacity at a macro level improved and imports recorded a decline of -1.8%, more auspicious than the negative records of -3.4% and -3% in the first and second quarters of the year. , respectively.
However, public investment in Peru plummeted. In the third quarter of 2023, the record of expenses carried out by the Peruvian Government had a drop of -4.6%, negatively reversing the 3.4% advance of the second quarter, which had already recovered the drop of -1.3 of the first.
Source: Larepublica
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