The industries linked to construction and mining sectors have entered the path towards recovery thanks to non-primary manufacturing's evolution, private-run Scotiabank Peru announced.
According to Scotiabank's Economic Studies Senior Analyst Pablo Nano, the
manufacturing industry recorded a 1.5% contraction in August 2017— lower than the 6.3% decline last July.
The result, he noted, was due to the negative evolution of primary manufacture, particularly by the lower production of fishmeal, which had boosted said industry between April and June.
Yet, a positive evolution was experienced (0.8%) last August for the first time since March.
Another way to look at this is by understanding that the number of industries —which have been registering expansion— is higher than that showing a negative evolution.