Economy & Markets

By spending items, the education group has recorded the largest year-on-year increase (6.36%), closely followed by the other services division (6.19%).

Higher sales of goods such as gold in the metal minerals sector, as well as blueberries and cocoa, in the agro-export sector, influenced the positive figures.

So far this year, the Index has accumulated a 2.2% increase and 4% in twelve months compared to the linked series.

The Andean country would exceed US$64,355 million in 2023. Specialist points out that favorable prices for metals such as copper should be taken advantage of.

External sales to the Netherlands and Panama decreased, while exports to China increased.

The Consumer Confidence Indicator (CCI) reported a level of 47.3 points, with seasonally adjusted figures.

However, unlike other Latin American countries, the country's CPI remained at relatively low levels, reaching its peak in June 2022, when it climbed to 4.2% year-on-year.

The statement came after a meeting with President Dina Boluarte at the Government Palace.

The number of people working in this situation reached 2,614,641. According to age groups, the increases mainly affected the groups 65 years and older (17.1%) and 45-54 years (6%).

Peruvian exports to the neighboring country to the south totaled US$300 million until February.

In March 2024, energy prices moved into positive territory for the first time since April 2023 with a reading of +0.6%.

Consensus of official and private entities points to growth of 4% this year, said the Peruvian Chamber of Construction (Capeco).

The 101st ordinary session of the Bolivian Chamber of Deputies was held with the presence of 102 legislators, of which 45 approved to continue with the assembly, while 57 voted against.

In April it grew 0.3% compared to the previous month, but 18.3% less than a year ago.

Sales of beef, live cattle and pulp were relevant during the month. In contrast, dairy products and rice closed the month with negative numbers.

In the report presented to the Legislative Assembly, the Central Bank of Bolivia reported that until April of this year it purchased a total of 8.65 tons, of which 4.56 were acquired between January and April 2024.

The drive towards a strategic alliance between fintech and banks emerges as the key catalyst for economic growth and financial inclusion in Latin America. With the support of data that reveals notable progress in the adoption of digital solutions, led by fintech, the region is preparing to take a significant leap towards an interconnected and collaborative regional financial ecosystem.

After four years without issuing in international markets, this new issue obtained an oversubscription of 4.3 times, with a historical record of spread against the sovereign.

Even so, the Aztec country remained the first partner of its northern neighbor in merchandise trade, with a share of 15.8%, followed by Canada and China.

The result of the Monthly Index of Economic Activity (Imacec) was explained by the increase in mining and other goods, offset by the falls in commerce and industry.