Andina

Peru: Private investment expanded 5.7% in 2Q 2019

09:00 | Lima, Aug. 23.

Private investment in Peru expanded 5.7% in the second quarter of 2019, underpinned by greater investment in mining and hydrocarbons sectors, as well as in residential and non-residential buildings, the National Institute of Statistics and Informatics (INEI) has reported.

Likewise, public investment increased 6% in the second quarter of this year, driven by greater expenditures executed by the national (20.5%) and local (16.7%) governments. 

However, investment executed by regional governments decreased 9.8%. 

According to INEI, this positive outcome was also boosted by works linked to road infrastructure and the completion of Lima 2019 Pan and Parapan American Games' projects.

In the second quarter of 2019, construction (7.5%); electricity, gas, and water (3.9%); trade (2.8%); accommodation and restaurants (4.5%); agriculture, livestock, hunting, and forestry (2.1%); telecommunications and other services (6.6%); financial services, insurances, and pensions (3.8%); as well as services provided to companies (3.3%) sectors registered increases. 

Nevertheless, the fishing and aquaculture (-30.7%); extraction of oil, gas, minerals, and related services (-2.3%); as well as manufacturing (-6.7%) segments posted decreases. 

(END) VLA/JJN/DTK/MVB

Published: 8/23/2019