Andina

Peru's GDP likely to have expanded 2.6% last May

COP20 Centro Financiero Lima San Isidro Surco

COP20 Centro Financiero Lima San Isidro Surco

13:23 | Lima, Jul. 13.

Peruvian economy may have increased 2.6% in May 2017, a survey conducted by Andina news agency revealed.

According to the poll, analysts and guilds' estimates for the fifth month range from 2% to 3.4%. The average economic growth projection stands at 2.61%. 

It must be noted May's growth rate would be lower than the one registered in the same month last year (4.91%). 

However, the said result would be higher than those reported in April (0.17%), March (0.71%) and February (0.72%) this year.

Within this framework, BBVA Research Principal Economist Francisco Grippa underlined expansion was mainly driven by the fishery sector. 

"Greater anchovy catches encouraged a 280% increase in the fishery sector in May [...]," Grippa said.

Official results will be revealed on May 14.

Survey results were as follows:

BBVA Research 3.40%
Inteligo 2.80%
Scotiabank 2.80%
BCP 2.60%
Asbanc 2.40%
Phase Consultores 2.30%
CCL 2.00%
   
Median 2.60%
Average 2.61%

(END) CNA/JJN/JHM/MVB

Published: 7/13/2017