Peru: Economic activity accelerates in April
June 15, 2015
In April, economic activity expanded 4.3% over the same month last year, which was much stronger than the 2.7% increase tallied in March and marked the fastest expansion since March of last year. According to the Statistical Institute, the expansion was mainly driven by growth in the mining, fishing and manufacturing sectors.
Given the significant acceleration in economic activity, the growth trend increased for the first time in over a year. Annual average growth in economic activity increased from 1.6% in March to 1.7% in April. March’s result had marked the lowest point in over five years.
Author: Carl Kelly, Economist