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Economy | 15 October, 2008 [ 14:29 ]

Peru's economy grows for 86th consecutive month


Peru's gross domestic product expanded 8.94 percent in August achieving 86 months of consecutive growth, the National Institute of Statistics and Informatics (INEI), said Wednesday.

The country's GDP has grown 9.90 percent in the last twelve months.

Growth in August was led by a 10.32 percent expansion in the fishing industry and a 10.35 percent expansion in the construction and trade industries as well as in other service sectors.

Production in Peru's mining and hydrocarbons sector rose 11.36 percent in August, while the manufacturing sector grew 5.59 percent in the month.

The electricity and water sectors expanded 8.96 percent, while the agricultural industry rose 7.55 percent.

The Finance Ministry's index of leading economic indicators had pointed to an economic growth of 9.6 percent in August.


 

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