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 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.