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Peruvian industrial production to lead progress in the region from 2021

10 September, 2020 latin america

Analysts from FocusEconomics Consensus Forecast LatinFocus revised the rise in August the growth projection of Peruvian manufacturing from 2021 to 2023, therefore the country’s industrial production will record a greater advance than the Latin American average in the analysis period.

Peruvian manufacturing will expand 13.14% next year, 5.9% in 2022 and 5.1% in 2023, while Latin America’s average will advance 4.9% in 2021, 3.6% in 2022 and 3.2% in 2023, projected.

Year 2021

According to analysts, next year, Peru will guide manufacturing growth in Latin America with the advance of 13.4%, followed by Argentina and Brazil with expansions of 6.4% and 5.8% respectively. It will be followed by industrial production in Colombia (5.7%), Uruguay (3.6%), Ecuador (3.3%), Mexico (3.1%) Chile (1.2%).

Year 2022

Peru will also lead manufacturing expansion in Latin America in 2022 with a 5.9% advance, followed by Argentina and Brazil with growth of 4.1% and 4%respectively. It will be followed by industrial production in Uruguay (3.9%), Colombia (3.8%), Mexico (2.8%) Ecuador (2.4%).

Year 2023

In Latin America, Peru will lead the expansion of manufacturing activity in 2023 with the advance of 5.1%, followed by Uruguay and Colombia with growth of 3.7% and 3.6%respectively. It will be followed by industrial production from Argentina (3.4%), Brazil (3.4%), Mexico (2.6%) Ecuador (2.2%).

Posted in latin america

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