The Los Angeles Post
U.S. World Business Lifestyle
Today: April 29, 2025
Today: April 29, 2025

Peru economy undershoots expectations in February

Peru's sol has become South America's most stable currency
April 15, 2025
Reuters - Reuters

LIMA (Reuters) - Peru's economy grew 2.68% in February, data from the nation's INEI statistics agency showed on Tuesday, falling short of estimates despite most sectors logging growth.

The February data landed below the 3.5% estimate of analysts polled by Reuters.

The Andean nation's key mining and energy sector shrank 1.36%, with utilities and telecommunications services also contracting.

Peru is the world's third-largest copper producer.

The farming and the smaller fishing sectors advanced 4.35% and 24.64%, respectively.

Manufacturing industry expanded by 1.94% and transportation was up 5.66%.

The central bank's top economist said last week that the nation's economy would face a moderate hit from newly implemented tariffs from the U.S.

Economist Adrian Armas said the Peruvian economy likely grew around 4% in the first quarter.

(Reporting by Kylie Madry and Marco Aquino, Editing by Franklin Paul)

Related

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|World

The Latest: Canadian Prime Minister Mark Carneyโ€™s Liberals win election

Americas|Crime|US|World

Trump admin proposed sending up to 500 alleged Venezuelan gang members during negotiations to use El Salvadorโ€™s mega-prison

Americas|Crime|World

Mob chased Brooklyn woman after mistaking her for protester at speech by Israeli security minister

Americas|Arts|Business|Economy|Education|Environment|Europe|Lifestyle|Opinion|Political|Science|Technology

Trump administrationโ€™s attempt to nix the labor rights of thousands of federal workers on โ€˜national securityโ€™ grounds furthers the GOPโ€™s long-held anti-union agenda

Local

Local

Forecast accuracy may falter as budget cuts slash staff at NWS offices

Celebrity|Entertainment|Local|News|US|WrittenByLAPost

Beyoncรฉ to commence Cowboy Carter Tour at SoFi

Health|Local|News

L.A. County investigating measles case in resident

Local

L.A. homeowners sue insurance companies over wildfire coverage

Share This

Popular

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|World

The Latest: Canadian Prime Minister Mark Carneyโ€™s Liberals win election

The Latest: Canadian Prime Minister Mark Carneyโ€™s Liberals win election
Americas|Crime|US|World

Trump admin proposed sending up to 500 alleged Venezuelan gang members during negotiations to use El Salvadorโ€™s mega-prison

Trump admin proposed sending up to 500 alleged Venezuelan gang members during negotiations to use El Salvadorโ€™s mega-prison
Americas|Crime|World

Mob chased Brooklyn woman after mistaking her for protester at speech by Israeli security minister

Mob chased Brooklyn woman after mistaking her for protester at speech by Israeli security minister
Americas|Arts|Business|Economy|Education|Environment|Europe|Lifestyle|Opinion|Political|Science|Technology

Trump administrationโ€™s attempt to nix the labor rights of thousands of federal workers on โ€˜national securityโ€™ grounds furthers the GOPโ€™s long-held anti-union agenda

Trump administrationโ€™s attempt to nix the labor rights of thousands of federal workers on โ€˜national securityโ€™ grounds furthers the GOPโ€™s long-held anti-union agenda

Economy

Business|Economy|Europe|Political|World

Portugal recovers from blackout, government says

Portugal recovers from blackout, government says
Business|Economy|Europe|Finance|Stock Markets|World

Trade war may lower growth and inflation in euro zone, ECB's Cipollone says

Trade war may lower growth and inflation in euro zone, ECB's Cipollone says
Business|Economy|Europe|Finance|Stock Markets|World

Euro zone inflation expectations rise, ECB survey shows

Euro zone inflation expectations rise, ECB survey shows
Business|Economy|Technology|World

BYD breaks ground on Cambodian car factory, Chinese embassy says

BYD breaks ground on Cambodian car factory, Chinese embassy says