Free Trial

Q1 GDP Data Expected At 1600BST

PERU
  • Q1 GDP data will be released at 1600BST(1100ET), with the market looking for a pick-up in growth to +1.4% y/y, from -0.4% in Q4.
    • 1Q GDP YoY, est. 1.4%, prior -0.4%
  • JP Morgan note that the monthly activity data point to seasonally adjusted growth of 4.3% q/q ar in Q1, confirming the good above-potential sequential performance over the quarter. They thus maintain their view that the mediocre performance observed in the post-Covid recovery is behind, although they note that activity was still only 4.0% above pre-pandemic levels as of March.
  • However, soft March data leaving a negative carryover for Q2. JPM expect monetary easing to help some sectors to regain momentum ahead, but see Q2 growth moderating to +2.8%q/q ar, consistent with full-year growth of 2.8%.
123 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Q1 GDP data will be released at 1600BST(1100ET), with the market looking for a pick-up in growth to +1.4% y/y, from -0.4% in Q4.
    • 1Q GDP YoY, est. 1.4%, prior -0.4%
  • JP Morgan note that the monthly activity data point to seasonally adjusted growth of 4.3% q/q ar in Q1, confirming the good above-potential sequential performance over the quarter. They thus maintain their view that the mediocre performance observed in the post-Covid recovery is behind, although they note that activity was still only 4.0% above pre-pandemic levels as of March.
  • However, soft March data leaving a negative carryover for Q2. JPM expect monetary easing to help some sectors to regain momentum ahead, but see Q2 growth moderating to +2.8%q/q ar, consistent with full-year growth of 2.8%.