Peru's non-primary GDP grew 3.9% in February 2018, mainly underpinned by the good performance of construction and services sectors, Central Reserve Bank (BCR) reported Monday.
It must be noted the National Institute of Statistics and Informatics (INEI) affirmed the Inca country's non-primary GDP registered a 2.3% increase last January.
Furthermore, BCR indicated
Peruvian economy expanded 2.9% last February driven by higher activity in
construction, farming, services, and fishery sectors.
Trade and manufacturing sectors also stood out in this sense. Yet, a decline was observed in the mining and hydrocarbons sector.
Construction
Said result marked nine months of consecutive growth.
Farming
In the analyzed month, agricultural production grew 4.7%, mostly driven by increased production aimed at foreign markets (grapes, blueberries, and coffee).
Fishery
In addition,
fishing activity registered a 5.1% rise thanks to greater anchovy landings for industrial consumption.
Trade
The trade sector went up 2.6% last February due to the positive evolution of retail (+2.7%) and wholesale (+2.3%).
Services
Likewise, the services sector expanded 4.3%. All sub-sectors showed gains in the said month.
Manufacturing
The manufacturing industry grew 0.4%, explained by greater dynamism in the non-primary manufacturing sector (+2.3%), particularly by higher output of goods linked to exports and mass consumption.
Mining
(END) RGP/RGP/JAA/MVB
Published: 4/23/2018