Year of Investment for Rural Development and Food Security
 
  Updated 18:24 VERSIÓN EN ESPAÑOL
 
Lima, Peru. Thursday, June 20, 2013 - Overcast, 78°F
 
HOME POLITICS BUSINESS TOURISM & GASTRONOMY NATION MISCELLANEOUS
Send Print ¿What are these icons? Mister Wong
11:25 Peru’s economy grows 5.38 percent in January
 
Lima, Mar. 15 (ANDINA). Peru’s gross domestic product rose 5.38 percent year on year in January on the back of strong domestic and foreign demand, totaling 29 consecutive months of uninterrupted growth, the National Institute of Statistics and Informatics (INEI) said Thursday.
Photo: ANDINA/Piero Vargas
Photo: ANDINA/Piero Vargas

INEI said that Peru's economic growth rate between February 2011 and January 2012 was 6.54 percent.

Compared with a year earlier, the livestock and agricultural subsectors expanded 3.62 and 1.01 percent, respectively, in January.

In the same month, the mining and hydrocarbons sector fell 2.16 percent in one of the world's top metals exporters, affected by a contraction in metal and oil production.

Manufacturing activity grew a modest 1.7 percent from a year ago on slower demand from the developed world. That offset near double-digit growth in sectors linked to domestic demand like restaurants, hotels and financial services.

The construction sector expanded 4.43 percent while the fisheries industry dropped 7.71 percent in the first month of the year.

(END) JJN/RES/MOC/EEP

Date: 15/03/2012
MORE BUSINESS NEWS

Send Print ¿What are these icons? Mister Wong
Chairman of the board: Hugo Coya Honores
General Manager: Horacio Barrios Cruz
Executive Editor: José Luis Bravo Russo
© 2007 Peru News Agency. All Rights reserved.
Av. Alfonso Ugarte 873 Lima 1. Telephone: (51-1) 315 0400 Fax: 431 2849. E-Mail: webmaster_andina@editoraperu.com.pe