Peruvian economy expanded 3.18% in September 2017, mainly underpinned by the positive performance of sectors such as construction, trade, farming, as well as mining and hydrocarbon, the National Institute of Statistics and Informatics (INEI) informed Wednesday.
According to INEI, great results were registered in most economic sectors.
Construction (+8.94%), telecommunications (+8.54%), mining and hydrocarbon (+7.13%), farming (+3.09%) and trade (+1.62%) stood out in this sense. Together, they accounted for 69% of September's output.
Such expansion was also boosted by sectors like public administration and defense (+4.20%), other services (+3.59%), finances and insurance (+2.86%), energy, gas and water (+1.83%), restaurant and accommodation (+1.24%), as well as transport, storage and messaging (+1.00%).
Nevertheless, fishing and manufacturing sectors slid 29.96% and 2.55%, respectively.
Mining and Hydrocarbon
This sub-sector saw increases in the production of iron (172.6%), molybdenum (31%), zinc (16.2%), gold (6.1%) and copper (5.7%). However, silver (-2.8%), lead (-4.8%) and tin (-15.3%) outputs decreased.
Construction
The
construction sector grew 8.94% driven by higher domestic cement consumption (4.19%) and further investment in public works (23.75%).
Farming
The
farming sector rose 3.09% due to higher production in agricultural (1.34%) and livestock (5.01%) sub-sectors.
In this sense, the agricultural sub-sector registered higher sales of potatoes (41.8%), cacao (33.4%), paddy rice (16.7%), coffee (13%) and sugar cane (11%).
As for the livestock sub-sector, production of poultry (7.7%), pork (4.9%), fresh milk (2.8%) and eggs (1.8%) stood out.