Andina

Peru 2016 GDP growth revised up to 4%

Manufactura

Manufactura

14:18 | Lima, Aug. 22.

Peru's 2016 gross domestic product (GDP) increased at a 4% rate instead of the previously reported 3.9% pace, Central Reserve Bank said on Tuesday.

Announcement was made after the National Institute of Statistics and Informatics (INEI) released its upward revision of GDP for 2016.

Corrected data were backed by favorable adjustments in manufacturing and services. 

Accordingly, primary sectors expanded 9.9% in 2016 and non-primary ones increased 2.4%.

Economy maintains recovery pace

On the other hand, BCR affirmed Peruvian economy maintained recovery pace in June, seeing a 3.6% rise and marking 95 straight months of growth.

This growth was underpinned by farming, mining and hydrocarbons sectors, including higher extraction of molybdenum, zinc and copper.

The increase was also helped by fishmeal/oil and fishing sectors —with the latter experiencing high rates due to anchovy catches— among others.

(END) JJN/JJN/RMB/MVB

Published: 8/22/2017
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