Peru's national production grew 5.27% in November last year over the same month in 2017, National Institute of Statistics and Informatics (INEI) reported Tuesday.
According to INEI's National Production Technical Report, the country's GDP posted an increase of 3.84% in Jan-Nov last year and 3.62% in the last 12-month period (Dec 2017-Nov 2018).
November 2018's figure was underpinned by the positive growth in
domestic demand, as reflected in higher retail sales (2.82%), consumer loans (10.19%), and imports of non-durable consumer goods (6.62%).
This pickup was also boosted by a rise in external demand for non-traditional products (10.49%) in farming,
fishing, chemical, non-metallic mining, and iron-steel sectors, among others.
Sectors
November 2018's rise was fueled by the positive performance of seven sectors in particular:
manufacturing, construction, fishing, telecommunications, trade, farming, as well as transport, storage, and communications.
These productive sectors contributed 74% to Peru's GDP overall growth in such month (5.27%).
Improvements in primary (2.10%), secondary (12.65%), and services (4.29%) sectors stood out among major economic activities.
(END) MDV/RMB/MVB
Published: 1/15/2019