. Thus,
, respectively, Lima Chamber of Commerce (CCL) has said.
"These forecasts will also depend on the
performance of private investment which, alongside
public investment, are linked to the political environment," CLL's Institute of Economics and Business Development (IEDEP) Executive-Director Cesar Peñaranda expressed.
In August, the
construction sector registered a 4.5% growth rate, thus increasing for the third month in a row, offsetting the 0.1% drop registered last May.
Furthermore, in the first two quarters of 2019, the sector's GDP rose 2.2% and 7.5%. Plus, it is the fifth-largest contributor to
Peruvian economy, as it represents 5.1% of total GDP.
Mortgage loans
On the other hand, IEDEP indicated mortgage loans —important variable for the construction sector— has registered positive results in the first eight months of the year, adding this performance will continue through 2019.
(END) MDV/DTK/MVB