click to enlargeThe Feb 2010 number came out this week and was the first decent upmove in manufacturing since 2008. The most noticeable is that manufacturing output (according the the liars at INEI at least) managed to beat its 2008 level too. If you take Feb 2009's -6.7 and Feb 2010's +7.2%, just on simple countback the 2008 number is beaten by 0.5% (which isn't exactly right of course, but won't be out by very much).
So Peru is recovering. This is good. So Peru will be screaming 10%+ manufacturing growth numbers during the April to August period this year due to the pisspoverty of its 2009 and simplistic comparisons. This is not so good, so remember that smarter dudes out there will be using 2008 as their benchmark, not 2009.
So Peru is recovering. This is good. So Peru will be screaming 10%+ manufacturing growth numbers during the April to August period this year due to the pisspoverty of its 2009 and simplistic comparisons. This is not so good, so remember that smarter dudes out there will be using 2008 as their benchmark, not 2009.