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Peru: Construction sector may have grown 13.9% in Oct 2017

Venta y Construcción de Departamentos en Lima Inmobiliaria CTS

Venta y Construcción de Departamentos en Lima Inmobiliaria CTS

12:54 | Lima, Nov. 28.

Peru's construction sector may have expanded 13.9% last October, meaning the highest rate in recent quarters, Housing, Construction and Sanitation Minister Carlos Bruce estimated.

Likewise, National Institute of Statistics and Informatics' (INEI) figures show the official rate will be higher than 10%. 

Bruce also noted said sector has been growing steadily for the past four months, even bordering a two-digit rate last September (8.94%).

"The growth we might have registered in October (13.9%) […] is a sign that the construction sector has started to recover, just as the economy in general terms, and that is good news," he expressed.

Remarks were made during a forum organized by private-run Peruvian Chamber of Construction (Capeco).

(END) RGP/RGP/FGM/MVB

Published: 11/28/2017