Peru: Economic activity growth gains momentum in April
Economic activity grew 0.3% in year-on-year terms in April, which was above March’s 0.2% increase. The upturn was primarily driven by an improvement in the commerce and construction sectors. Lastly, activity in the manufacturing sector gained pace, as did mining and hydrocarbons output.
On a monthly basis, economic activity grew 0.4% in April, which was better than March’s flat reading. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 1.4%, down from March’s 1.7% reading.