Andina

Peru: Private investment may have grown over 8% in 2Q 2018


13:57 | Lima, Aug. 10.

Private investment in Peru may have expanded more than 8% in the second quarter of 2018, a sign that the Inca country is experiencing an economic upturn, Central Reserve Bank (BCR) estimated Friday.

"An economic rebound has been observed since the first quarter of the year. The data we have confirm private investment has grown slightly more than 8%," BCR Economic Studies Manager Jorge Estrella remarked.

In this sense, he continued, economic activity indicators show signs of greater dynamism, although GDP remains below its potential.

June

Based on early information provided by National Institute of Statistics and Informatics (INEI), electricity production increased 3.39% in June 2018, while fishing activity fell by 7.95%.

It must be noted the mining and hydrocarbon sector saw a 4.57% decline in the sixth month of the year.

Additionally, domestic cement consumption in June contracted 0.33% after 12 months of steady growth.

(END) CNA/RMB/MVB

Published: 8/10/2018