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Peru's GDP may have grown 2.5% in September 2017

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

10:42 | Lima, Oct. 17.

Peruvian economy may have risen 2.5% last September over the same month in 2016, mainly underpinned by non-primary sectors such as construction and manufacturing, Scotiabank estimated.

"According to our projections, Peru's GDP may have expanded around 2.5% in September, slightly higher than the 2.3% [growth rate] registered last August," Scotiabank's Senior Analyst Pablo Nano projected.

According to the officer, such figure indicates that non-primary sectors, linked to domestic demand, may continue to expand gradually, with a growth rate close to 3%.

"This positive evolution may have been led by the construction sector, which grew 8.9% in September, according to INEI's preliminary figures. It was the highest growth rate [registered] since February 2014, boosted by greater public investment," he expressed.

Likewise, the economist pointed out that the recovery of non-primary manufacturing is expected to continue, particularly for the industries related to construction and mining activities.

(END) CNA/JAA/MVB

Published: 10/17/2017