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BCR: Peruvian economy might have shown dynamism in May 2019

09:07 | Lima, Jul. 4.

Peru's Central Reserve Bank (BCR) Governor Julio Velarde has affirmed the national economy might have registered an acceleration of growth in May and June 2019, which may continue during the second half of the current year.

"May's GDP will still be a little weak, but it will be higher than the one in April, and June's GDP will be somehow higher than the one in May," the official expressed. 

Last April, the Inca country's GDP increased 0.02%, one of the lowest growth rates in recent months. 

In this sense, Velarde indicated the BCR expects a stronger recovery during the second half of 2019

Likewise, he informed BCR's concrete forecasts will be published in the July 2019 Inflation Report. 

Leading indicators 

This week, the National Institute of Statistics and Informatics (INEI) reported some leading indicators of May.

According to INEI, the electricity sub-sector rose 4.37% in the fifth month of this year, compared to the same month in 2018. 

Furthermore, domestic cement consumption expanded 4.32%, while the fishing sector's production decreased 26.79%. 

Remarks were made after the presentation of the 9th One Sol coin (S/1.00) of the "Threatened Wildlife in Peru" Numismatic Series allusive to the Andean mountain cat.  

(END) RGP/JJN/DTK/MVB

Published: 7/4/2019
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