Peru’s domestic demand up 9.7 pct this year

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LivinginPeru.com

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(Photo:Andina/Archive )

The Central Reserve Bank (BCR) has reported that domestic demand grew 7.5%, in the first five months of the year. Local news source Gestión reports, that this is due to increased private consumption and investment.

Sales in supermarkets and department stores grew 16.8 and 17.3% respectively.

Among products with higher production were goods such as bottled water, beer, detergents, evaporated milk, yogurt, soft drinks and energy drinks.

Industries that reported a decrease in growth were construction and capital goods related services, while sectors that produced inputs maintained their growth rates.

The BCR said the rate of utilization of installed capacity of non-primary manufacturing was 78% during May, an increase of four percentage points compared to May 2010.

This statistic is similar to a monthly survey of companies, about their macroeconomic expectations, which indicated a 78% level of utilization of installed capacity of non-primary manufacturing during the months of May and June.

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