Regulatory Alerts2026-05-22
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Study Note No. 36: Economic Activity - March 2026
The Central Reserve Bank of Peru reported that the economy grew 3.2% year-on-year in March 2026, driven by non-primary sectors such as construction and services, while the primary sector contracted due to a natural gas supply emergency and base effects in fishing. Formal employment rose 4.6% and real average wages increased 4.2%, contributing to a 10% growth in the total wage bill during the first quarter. Key challenges included a 35.4% drop in hydrocarbon production caused by a pipeline incident in Cusco and a 12.5% decline in fishing output, despite strong performance in agriculture and manufacturing.
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