Peru's national production grew 4.18% in October, over the same month last year, thus posting growth of 3.70% in Jan-Oct this year and 3.35% in the last 12-month period (Nov 2017-Oct 2018), National Institute of Statistics and Informatics (INEI) informed Friday.
October's productive activity was underpinned by the positive growth in external demand for non-traditional products (14.32%) in farming, chemical, textile,
fishing, metal-mechanic, and iron-steel sectors, among others.
This pickup was also boosted by a rise in
domestic demand, as reflected in higher retail sales (2.46%), consumer loans (10.17%), and imports of non-durable consumer goods (1.90%).
Sectors
October 2018 rise was fueled by the positive performance of most sectors, including manufacture, construction,
farming, and trade.
Other productive sectors that contributed to the country's GDP growth were telecommunications, services rendered to companies, accommodation, restaurants, which contributed 64% to the overall growth in such month.
On the other hand, October's domestic production —based on major economic activities— experienced an increase in primary (0.34%), secondary (7.68%), and service (3.90%) sectors.
A similar behavior was observed in Jan-Oct this year, with primary, secondary, and service sectors rising 1.82%, 4.66%, and 4%, respectively.
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Published: 12/14/2018