Peru would have reached a higher growth rate in June, if compared to last May, the Economic Studies Manager at Peru’s Central Reserve Bank (BCR) Adrian Armas affirmed.
According to BCR's July monetary program, electricity rose by 5.6% in June. The rate is higher than May’s 5.3% and April (5.5%).
As well, the reduction in cement consumption was lower in the analyzed month (-1.6%), which meant an improvement compared to the rates registered in May (-7.1%) and April (-3.8%).
"From that point of view, the economic activity by June would be expected to be higher [...],” Armas said during telephone conference call.
In the last quarter of 2014 GDP grew by 1.0%, whereas it expanded by 1.7% in the first quarter of the current year, the official reminded.
In the second quarter of 2015 "it is expected to grow even more," he estimated.
(END) RGP/JCC/RGR