Overview
- INEI reports September monthly GDP rose 3.94%, with construction up 10.24% and the agro sector up 12.10%, while mining and hydrocarbons increased 2.09%.
- Telecommunications was the only sector to slip, edging down 0.12%, as most major activities posted gains including commerce, manufacturing, transport, and electricity, gas and water.
- Output is up 3.33% in January–September 2025 and 3.70% over the last 12 months, underscoring a sustained recovery across primary and non‑primary sectors.
- Labor indicators show national employment grew 1.9% in Q3, with Lima’s employed population up 3.9% in the August–October mobile quarter and stronger gains among older and higher‑educated workers.
- The Economy Ministry highlights stable fundamentals with October inflation at 1.4%, international reserves near US$90 billion, a 124‑basis‑point risk premium, and a fiscal deficit tracking a 2.2% year‑end target, as private forecasts for 2026 edge higher toward 3.2%.