Overview
- Monthly GDP rose 3.94% year over year in September, lifting growth to 3.33% for January–September and 3.70% over the last 12 months, according to INEI.
- Construction expanded 10.24% on higher cement consumption and faster public works, while agriculture jumped 12.10% with the agricultural subsector up 18.44%.
- Most activities contributed positively, including commerce, manufacturing, transport, electricity, business services, and hospitality, while telecommunications dipped 0.12%.
- Mining and hydrocarbons grew 2.09% as metallic mining advanced 2.28% with higher output of zinc, copper, silver, lead, gold, and tin.
- BCP raised its 2026 GDP forecast to 3.2%, citing the eighth AFP withdrawal expected to bolster spending and a better-than-anticipated backdrop for mineral prices, with business surveys signaling improved sentiment.