Downhill. INEI confirmed this Friday that the October GDP registered a decrease of 0.82% due to the lower performance of the Construction, Financial, Agricultural, Manufacturing, Telecommunications, Services Provided to Businesses and Accommodation and Restaurants sectors. In the tenth month of 2023, national production was leveraged by a greater increase in activities in the Mining and […]
Tag: October
Inflation in the eurozone fell to 2.9% in October, its lowest level since July 2021
The interannual inflation rate of the eurozone fell to 2.9% in October, which was the lowest figure since July 2021, as reported this Friday by the community statistics office Eurostat, which, in this way, confirms the preliminary estimate published last October 31. The community statistics office also reported today that annual inflation in the European […]
FAO maintains global cereal production forecasts for the 2023-2024 season
World cereal production will remain at the 2,819 million tons planned for the 2023-2024 season – after an increase announced last October -, reported the Organization of the United Nations Food and Agriculture Organization (FAO). This forecast represents a progress of 0.9% (26 million tons) compared to the previous 2022-2023 season, led by the coarse […]
Tax collection does not raise its head, it contracted 6.8% in October
The october fundraiser of 2023 amounted to S/11,967 million, corresponding to the tax revenue of the Central Government Net and discounting tax refunds, which meant a drop of 6.8% compared to the same month last year, according to the National Superintendence of Customs and Tax Administration (Sunat). The collecting entity indicated that “the trend has […]
Sales and production expectations for Christmas plummet after confirmation of recession
In the month in which the Ministry of Economy and Finance (MEF) recognized that the country is in recession, the expectations of local businessmen worsened and reached the lowest levels of January 2023, when the economy was besieged by high social conflict. According to the recent BCRP Macroeconomic Expectations Survey, most indicators of business expectations […]
Inflation in Metropolitan Lima fell 0.32% in October, its lowest level in 27 months
He Consumer Price Index (CPI) in Metropolitan Lima it fell 0.32% year-on-year in October, according to the National Institute of Statistics and Informatics (INEI). In this way, the accumulated inflation in the tenth month of the year reverts to 2.99% and that of 12 months to 4.35%, -the lowest since July 2021-, one step closer […]
Wholesale lemon price drops up to 64% in the first two weeks of October
The wholesale price of lemon continues its downward trend and this Friday, October 13, it reached its lowest level so far this month, falling to S/3.22 per kilogram in its presentation on the stock market. This is due to a greater volume of supply and a stock above 90%, reported the Ministry of Agrarian Development […]
BCRP reduces the reference interest rate to 7.25% due to the fall in inflation
The Central Reserve Bank of Peru (BCRP) reported that its board of directors agreed to reduce the reference interest rate by 25 basis points to 7.25%. However, he stated that this decision does not necessarily imply a cycle of successive reductions in the interest rate. “Future adjustments in the reference rate will be conditional on […]
BCP: BCRP interest rates would drop in the next 2 months
The bank said it expects the highest monetary authority “to cut its reference rate by 100 basis points in the short term.” The cycle of cuts could start in October, although a first setback as soon as September is not ruled out. Join the WhatsApp channel of La República Price of the dollar today in […]
Midagri will have until October 31 to buy urea
Almost two months after starting the selection process for an international provider of urea and with a third contest underway, the Government extended yesterday until October 31 of this year the deadline for the Ministry of Agrarian Development and Irrigation (Midagri), through rural agriculture, Buy the fertilizer nitrogenous and distribute it to the producers in […]