Thursday , May 13 2021

Peru rose 2.13% in September



In the accumulated (from January to September) GDP grew 3.64%, while in the last twelve months (October 2017-September 2018) it was 3.30%.

Peru's gross domestic product rose 2.13% in September, according to the National Institute of Statistics and Informatics (INEI), and its growth was lower than July (2.39%) and August (2.25%).

In the National Technical Report, it is detailed that in the accumulated (from January to September) GDP grew 3.64%, and in the last twelve months (October 2017-September 2018) it was 3.30%.

According to INEI, this result contributes to a 2.9% reduction in the construction sector, which is one of the main factors explaining GDP.

On the other hand, INEI emphasizes the positive evolution of external demand for non-traditional products (10.37%), among which are the fishing, agricultural and non-metal mining products; as well as the recovery of domestic demand reflected in higher retail sales (2.69%) and higher approval of consumer loans (9.90%).

Eight sectors of the economy contributed 63% of the results in September

As a result, in September 2018 (2.13%), positive developments in most sectors, apart from the construction, were determined. Among the sectors highlighting their contribution were transport, storage and messaging, telecommunications, agriculture, trade, services provided to enterprises, manufacturing, accommodation and restaurants, mining and hydrocarbons, which together contributed 63% of the total result.

Domestic production according to large economic activities increased in the primary sector (1.93%) and the service sector (3.38%); while it was reduced in the secondary sector (-0.19%). Compared to the period January-September, the primary sector increased by 1.98%, the secondary sector (4.29%) and the service sector (4.02%).


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