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Peru’s Gross Domestic Product grew by 5.92% in February

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LivinginPeru.com
Isabel Guerra

Peru's Gross Domestic Product grew by 5.92% in FebruaryPeru’s Gross Domestic Product grew by 5.92% in February, more than the 5.3% that was expected, according to official figures from the National Institute of Statistics, or Inei.

This growth, the highest one registered in 16 months, may be due to the expansion of the construction sector, that reached 16.07%.

Renan Quispe, Head of Inei, said that the dynamism of the economy was also influenced by an increase in the domestic and foreign demand, with an increase in private and public consumption, the latter increasing by 18.7%.

Another important factor may be the recovery of exports, that are having positive results for the fourth month in a row, increasing by 6.8%.

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