Primary sectors increased 2.4% in October 2019, driven by agricultural activities and primary manufacture, showing a recovery compared to September (-2.09%),
Central Reserve Bank of Peru (BCR) has reported.
The bank stated that
non-primary sectors posted a 2.0% rise in the analyzed month which, added to primary sectors, resulted in a GDP growth of 2.1%
Furthermore, BCR explained that
primary sectors' growth was boosted by a better performance in farming, due to higher yields of products intended for agro-exports, and in primary manufacture, due to the increase in refining of non-ferrous metals.
Metal mining saw an increase close to zero, after four months of negative growth.
Farming
BCR said that farming production grew 4.2% in October.
There was an increase in agricultural production for domestic (potatoes, tangerines, bananas, cassavas, and lemons) and foreign (blueberries, cacao, mangoes, avocados, and grapes) markets, as well as in agro-industry (cotton) and poultry (poultry meat and eggs).
Fishing
This sector decreased by 0.7%, mainly due to lower catches of species destined for direct human consumption in frozen form. The greater inland fish catches are the result of higher extraction of trout.
Mining and hydrocarbons
On the other hand, mining and hydrocarbons sector's output went up 0.7%.
Published: 1/1/2020