The negative impact of the pandemic on the Peruvian economy was reduced by 35%

The Peruvian economy decreased by 32.75% in May of this year. This figure arises in comparison with the same month of the previous year and registers a less negative variation than that of April (-40.49%), pointed out the National Institute of Statistics and Informatics (INEI).

This significant variation is explained by the restart of activities that occurred with 27 items such as mining, construction, commerce, Manufacturing, Construction, Transport, Storage, and Messaging, among others, that functioned to the minimum of their capacities. Many of these represent a major axis of movement in the country, which subsequently was evidently affected by the pandemic.

According to the latest indices, the Peruvian economy has decreased, between January and May of this year, by 17.29% in regards to national production and in the annualized period between June of last year until May of this, -5.54%.

In another economic sector, external demand has also brought about striking changes. Among them, there has been a drop in exports of traditional and non-traditional products, despite the fact that Peru has remained first in the export of blueberries and some products.

Usually

National production, in May of this year (-32.75%), was influenced by lower production in the sectors: Primary (-28.73%), Secondary (-49.11%), and Services (-28.51%). In the first five months of 2020, the Primary (-14.07%), Secondary (-30.57%) and Services (-13.97%) sectors exhibited unfavorable behavior.

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