Peru economy up 1.58% in Jan 2019

12:20 | Lima, Mar. 15.

Peruvian economy expanded 1.58% in January 2019, compared to the same month last year, National Institute of Statistics and Informatics (INEI) reported Friday.

According to INEI's National Production Technical Report, the Inca country's GDP marked 114 months of non-stop expansion and posted an increase of 3.88% in the last 12-month period (Feb 2018-Jan 2019).

This pickup was underpinned by a rise in domestic demand, as reflected in higher retail sales (2.17%), consumer loans (10.64%), and imports of non-durable consumer goods (8.07%).

January's productive activity was also boosted by greater external demand for non-traditional products (23.8%) in farming, fishing, textile, chemical, and iron-steel sectors, among others.


January 2019 rise was fueled by the positive performance of several sectors, mainly of telecommunications; transport, storage, and communications; farming; accommodation and restaurants; as well as services provided to companies.

These productive sectors contributed 72% to Peru's GDP overall growth in such month.


Published: 3/15/2019