Peru's mining and hydrocarbons sector saw a 7.13% rise in September 2017, thus accumulating four months of positive figures, the National Institute of Statistics and Informatics (INEI) reported Wednesday.
The result was driven by a 9.11% increase in the
metal mining sub-sector, which contributed to offset a 4.39% drop in hydrocarbons.
In its Technical Report on Economic Activity Contextual Progress, INEI attributed said metal
mining expansion to greater production of iron (172.6%), molybdenum (31%), zinc (16.2%), gold (6.1%) and
copper (5.7%).
As for hydrocarbons, natural gas liquids (-14.2%) and natural gas (-8.6%) output experienced decreases. However, crude oil production surged by 24.8%.
Construction
Similarly, the
construction sector grew 8.92% in September 2017 over the same period last year.
The latter owed to greater construction expenditure at regional (39.8%), local (29.1%) and national (8.4%) government levels.
Electricity
In September 2017, the
electricity subsector expanded 1.58% compared to the same month in 2016, thus marking five months of continuous growth.
This was explained by a higher output of hydroelectric (12.4%) and renewable (10.4%) power generation, whereas thermal electricity slid 7.1%.
(END) CNA/MVB