, privately-run Banco de Credito (BCP) has informed.
According to BCP's Macroeconomic and Market Weekly Report, the influx of capital to the
mining sector continued to increase at double-digit rates for the sixth quarter in a row.
Likewise,
private investment rose 2.9% in the analyzed period. However, non-mining private investment slid 0.5%, the third quarter to consecutively post a slight decrease.
External sector
On the external side, BCP reported
good and service exports expanded 1.6%, while good and service imports declined 0.5%.
Furthermore, BCP's Economic Studies Department reaffirmed its stance on economic growth.
In this sense, the institution considered this forecast is challenging, within the framework of a
trade war and
lower global growth. Therefore, BCP's Economic Studies Department might revise downwards this year's projection in its next quarterly report in June.
(END) SDD/DTK/MVB