Peru's economic activity has shown clear signs of greater dynamism, so much so that it is expected to have grown over 3% in March and April, compared to the first two months of 2018, BCR Economic Studies Manager Jorge Estrella estimated on Friday.
It must be noted national production expanded 2.81% in January and 2.86% in February, thus marking 103 months of sustained growth, National Institute of Statistics and Informatics (INEI) informed a few months ago.
"The leading indicators for March and April confirm
BCR's economic recovery projections for the first half. In fact,
GDP growth rates in March and April are likely higher than those registered in January and February," Estrella pointed out.
He answered in the affirmative when asked if GDP grew more than 3% in March and if April's GDP growth could surpass that of March, considering the economic activity's indicators.
Electricity and cement
Thus, electricity production has shown an important increase since February this year, when it rose 1.8% compared to the same month a year earlier, while it grew 3.5% in March and 6% in April, according to the BCR.
On the other hand, domestic cement consumption has experienced a steady growth over the last 11 months, posting rises of 4.8% in March and 8.7% in April, when compared with last year.
Public Investment and IGV
In addition, the General Government's investment has continued to rise over the past 11 months. For instance, it saw a substantial growth of 9% last April over the year before.
Likewise, the General Sales Tax (IGV) has recorded sustained growth since October 2017 and, in April this year, surged 19.6% compared to 2017.
(END) MMG/RMB
Published: 5/11/2018