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Peru construction sector seen rebounding in June

Se ampliará la infraestructura del proyecto Chavimochic que se ejecuta en La Libertad.

16:09 | Lima, Jul. 17.

Peru's construction sector likely bounced back in June 2017 and thus reversed a nine-month low, the Central Reserve Bank (BCR) projected.

BCR Economic Studies Central Manager Adrian Armas referred to figures signaling a recovery in the non-primary sector.

"There are indicators pointing to a recovery in the non-primary sector, as is the case of construction," he said.

"In fact, construction-related indicators we are observing in June give room for optimism to see a GDP recovery in that sector," he pointed out.

Fishing boost wearing off

On the other hand, the BCR official warned that the fishery sector, which underpinned part of Peru's GDP expansion in May, "will not grow as much in June."

As is known, the Inca nation's fishing sector grew 280.4% in May 2017 from a year earlier, the highest rate over the past 41 months.

(END) JJN/JJN/DHT/MVB

Published: 7/17/2017