Peru: Economic activity expands at a slower pace in February
April 21, 2017
Economic activity in Peru expanded 3.6% in February from the same month of the previous year, which was below the 4.8% rise in January. The external sector was the main contributor to the healthy increase, though February’s result also reflected solid expansions in the production, telecommunication, transport, hotel and restaurant and trade sectors. On the downside the construction, agriculture, electricity, gas and water, manufacturing and financial sectors contracted.
The annual average variation in economic activity was 3.8% in February (January: +4.0%), marking the lowest reading since April 2016.