Andina

Peru economy up 3.64% in June 2017

LIMA,PERU-MAYO 05.Via expresa y Centro Financiero.Foto: ANDINA/Oscar Farje Gomero.

LIMA,PERU-MAYO 05.Via expresa y Centro Financiero.Foto: ANDINA/Oscar Farje Gomero.

11:15 | Lima, Aug. 15.

Peruvian economy saw a 3.64% rise in June 2017 and marked 95 straight months of growth, the National Institute of Statistics and Informatics (INEI) reported Tuesday.

Said result was underpinned by mining and fishing sectors, as well as by a rebound in non-primary sectors like construction. 

INEI head Anibal Sanchez informed productive activity has thus expanded 2.30% so far this year and 3.07% in the last 12 months (July 2016 – June 2017). 

The reading is in line with Economy and Finance Minister Fernando Zavala's 3.6% forecast for the sixth month of the year and consequent 2.4% GDP rise in the second quarter of 2017. 

In addition, Peruvian GDP beat analysts' forecasts, projected at 3.55% last June.

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Published: 8/15/2017