Peru: Economic activity in December jumps to two-year high
January 22, 2016
In December, economic activity expanded 6.4% over the same month of the previous year, which was above the 4.0% increase tallied in November. According to the Statistical Institute, the expansion in December was mainly driven by growth in the mining industry, which has experienced a surge in output in the second half of the year. The manufacturing sector also contributed to December’s growth.
For the full year 2015, economic activity expanded 3.3%, which was above 2014’s 2.4%. The result was driven by robust growth in private and government consumption, while investment recorded a notable contraction.