Peru's economic activity expanded 4.18% year-on-year in October
, doubling September’s 2.1% increase
, the latest FocusEconomics' LatinFocus Consensus Forecast report informed.
Meanwhile, national production in the January–October period rose by 3.7% from the same period in 2017.
"On the external side, foreign sales of textile, fishing
, chemical, metal-mechanical, and iron and steel products recorded the strongest increases," it said.
In terms of productive sectors, all sectors —except mining— continued to expand. In particular, the construction, fishing, agricultural
, and manufacturing sectors recorded the fastest expansions.
While the agricultural sector
continued to benefit from favorable weather conditions, the construction sector was boosted by surging investment in public infrastructure.
Panelists surveyed for this month's LatinFocus report expect GDP to expand 3.8% in 2019, which is unchanged from last month's projection.