Peruvian economy increased 1.86% in November 2019, thus marking 124 months of non-stop expansion, the National Institute of Statistics and Informatics (INEI) reported on Wednesday.
In addition, the productive activity posted a rise of 2.14% between January and November last year and of 2.37% in the last 12-month period (December 2018-November 2019).
The positive performance in November was boosted by greater external demand for non-traditional products (9.21%) in
farming, fishing, iron-steel, and chemical sectors.
This pickup was also underpinned by a rise in domestic demand, as reflected in higher retail sales (3.14%), and consumer loans (12.83%).
Sectors
November 2019 rise (1.86%) was fueled by the positive performance of most sectors, mainly of
mining and hydrocarbons; trade; telecommunications; transport, storage, and communications; as well as accommodation and restaurants.
These productive sectors contributed 77% to Peru's GDP overall growth in such month.
However manufacturing, construction, and fishery experienced declines of 2.58%, 3.71%, and 13.77%, respectively.
Furthermore, the economy was boosted by the dynamism in services and
primary sectors, as reflected in major economic activities.
(END) MDV/RMB/MVB
Publicado: 15/1/2020