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Peru: Retail sales exceed US$5 billion in 1H 2019

16:00 | Lima, Jul. 4.

Peru's retail sector totaled S/19.576 billion (around US$5.93 billion) in the first half of 2019, thus increasing 5.3% compared to the same period last year, the Production Ministry (Produce) informed Thursday.

This outcome was mainly due to the good performance of supermarkets and department, hardware, as well as drug stores and pharmacies.

In this sense, supermarkets and department stores' deals rose 4%, driven by sales of food, garment, beverages, tobacco, and personal care goods.

Likewise, hardware stores expanded 4.4% due to the reactivation of projects aimed at opening new malls in the country's interior provinces, as well as the continuation of public works.

Furthermore, the drugstore and pharmacy activity rose 13.6%, fueled by a continuous expansion of the demand for pharmaceutical and personal care products.

According to Produce, these results indicate a favorable domestic trade.

Forecast

On the other hand, the portfolio has forecast the retail sector might continue to grow, underpinned by a greater commercial activity of supermarkets and department, as well as of drug stores and pharmacies.

(END) MDV/DTK/MVB

Published: 7/4/2019

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Peru: Retail sales exceed US$5 billion in 1H 2019

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