Peru: Economic activity keeps pace in August
In August, economic activity grew 3.4% year-on-year, accelerating marginally from July’s 3.3% outturn. Therefore, national production in January–August expanded 2.1%, slightly up from the 2.0% increase recorded in the in January–July period.
Healthy retail sales growth, a two-digit expansion in consumer credit and rising exports of traditional as well as fishing products supported the overall performance of the economy. In terms of productive sectors, robust expansions in the mining, trade, construction and telecommunication sectors were behind the positive performance of the economy in the month.
Meanwhile, the annual average variation in economic activity rose to 2.8% in August from 2.7% in the previous month.