The issuing entity also indicated that July GDP would have expanded by around 4%.

The Central Reserve Bank (BCR) projected today that the Peruvian economy would grow around 3.5% in the third quarter of the year (July-August-September) and estimated that it would have registered growth close to 4% last July.

"The indicators we are seeing for the month of July show that the GDP could be growing by around 4%," said the central manager of Economic Studies at the BCR, Adrián Armas.

“In general, monthly data, as we have said before, tend to be volatile. And in terms of what the third quarter would be, looking at the indicators, they would be around 3.5%,” he added.

The official data on gross domestic product (GDP) growth in July of this year will be published on Sunday, September 15 by the National Institute of Statistics and Informatics (INEI). Meanwhile, the BCR will announce its macroeconomic projections on Friday, September 20, through its Inflation Report.

"The economy is recovering as expected. These figures are always being produced with new information and the Central Bank's projection will be presented next Friday," said Adrián Armas.

The BCR official also commented that the business confidence survey shows that most indicators are in the optimistic range, and for the fourth consecutive month.

"So far this year, five of the eight months that have passed in 2024 have been in the optimistic range," he said.

On the other hand, Adrián Armas indicated that the outlook for global economic activity points towards moderate growth, in a context of lower inflationary pressures.

“However, there has been increased volatility in financial markets and still restrictive international conditions. Risks arising from international conflicts also remain,” he said.