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EM LATAM CREDIT: PERU: New Cars Sales At 12-Year High Ahead Of BCRP Meeting

EM LATAM CREDIT

 

Ahead of this evening’s BCRP meeting, latest vehicle sales data suggest that the domestic economy is continuing to perform well. In January, new car sales rose by 18.4% y/y to their highest monthly level since January 2013, according to Scotiabank. They say that this figure can be attributed to improving real income levels on the back of rising formal employment and benign inflation pressures.

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Ahead of this evening’s BCRP meeting, latest vehicle sales data suggest that the domestic economy is continuing to perform well. In January, new car sales rose by 18.4% y/y to their highest monthly level since January 2013, according to Scotiabank. They say that this figure can be attributed to improving real income levels on the back of rising formal employment and benign inflation pressures.

Keep reading...Show less