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May Economic Activity Due, June Unemployment Figures

PERU
  • Today we will see both economic activity data for May and the June unemployment figures:
    • 1600BST/1100ET - June Lima Unemployment Rate, prior 7.2%
    • 1600BST/1100ET - May Economic Activity YoY, est. 2.5%, prior 3.7%
  • Finance Minister Graham said there are no plans to issue bonds in short-term.
  • Peru Finance Minister Oscar Graham said demand for his nation’s sovereign bonds in the first half of 2022 was PEN23.6b, according to remarks at a press conference in Lima.
    • Other comments included:
    • Peru is likely to review its 2022 GDP estimate in August
    • Copper price decline will not affect 2022 budget
    • Graham says he supports a “gradual” change of the nation’s constitution
    • Economic indicators through July were better than before Covid-19 pandemic
    • Peru plans to provide social assistance to 5 million people
    • Russia-Ukraine conflict has affected Peru food production
    • Graham says he has a “close” work relationship with President Pedro Castillo (ALL BBG)

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