INEI: Peru’s economy grows 6.1% in 2Q

Driven by strong domestic demand, Peru's economy grew 6.1 percent in the second quarter from the same period a year ago, the National Statistics Institute, INEI, said Saturday.

The latest data from INEI shows that this growth was primarily attributable to an 8.7 percent increase in domestic demand.

During the period, imports surged by 10.6 percent, while exports fell 3 percent due to weaker external demand, as a result of the financial crisis in the Euro zone and the slowdown in the global economy.

INEI recalled that the economy also grew 6.1 percent in the first quarter and 6.1 percent in the first half of this year. Domestic demand rose 7.6% between January and March.

(END) JJN/JRC/RZZ/EEP

Published: 8/25/2012