Latam Daily Peru Q1-26 Retail Sales Recap

Peru's retail sector experienced an 11% year-on-year growth in Q1-26, driven by strong employment, local currency appreciation, and expanded store networks. Analysts project growth will persist through the year but potentially moderate in Q2 due to weather patterns and inflationary pressures.

Key Takeaways

• 1.Peru's retail sales grew by 11% y/y in Q1-26, the strongest performance since Q4-21, exceeding expectations.
• 2.Growth was fueled by employment gains, sol appreciation, increased liquidity from AFP withdrawals, and store network expansions.
• 3.Q2-26 outlook expects growth to moderate due to milder winter temperatures impacting apparel sales and potential inflation from geopolitical tensions.

Table of Contents

• Latam Daily: Peru Q1-26 Retail Sales Recap
• Segment performance in Q1-26

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