on Friday affirmed that the Peruvian economy continued to recover in July —as expected— and that it might continue to walk on the path of reactivation in August.
Within this framework, the official explained that
electricity production registers a lower decline, considering that it fell 27.4% (March), followed by -30% (April), -25.4% (May) and -6% (July). The projection for August stands at -3.6%.
Likewise, Armas highlighted that cement consumption also shows an important recovery, because it may have only fallen -10.1% in July, after -51% (March), -98.6% (April), -65.1% (May) and -32.7% (June).
Furthermore, the BCR official indicated that
non-traditional exports fell 18.5% in July, following major setbacks recorded in March (-20.9%), April (-42.6%), May (-27.6%) and June (-22.4%).
"There is also a recovery in the volume of non-traditional exports, highlighting the farming sector," he said.
Lastly, Armas emphasized that credit continued to flow in the economy and there is a certain recovery in
public investment.
(END) CNA/JJN/MVB