Peru economy up 2.09% in Feb 2019

10:14 | Lima, Apr. 15.

Peru's national production grew 2.09% in February this year, thus accumulating 115 months of continuous growth, National Institute of Statistics and Informatics (INEI) reported Monday.

According to INEI's National Production Technical Report, the country's economic activity posted an increase of 1.83% in the first two-month period and of 3.83% in the last 12-month period (March 2018-Feb 2019).

February's result was underpinned by higher external demand evidenced in the favorable performance of non-traditional exports (2.51%), due to greater shipments from the textile and fishing sectors. 

As for traditional products, growth was seen in exports of fishmeal and fish oil, as well as oil and natural gas. 

The Peruvian economy pickup was also boosted by a rise in consumption, as reflected in higher retail sales (1.45%), consumer loans (10.95%), and imports of non-durable consumer goods (8.52%).


February 2019 rise was fueled by the positive performance of most sectors, mainly of farming; telecommunications; trade; transport, storage, and communications; services provided to companies; as well as electricity, gas, and water.

However, some sectors witnessed a decline: fishing; mining and hydrocarbons; manufacture; and construction.


Published: 4/15/2019