Peruvian Economy Grew 3.93% In March And Adds To 104 Consecutive Months Of Growth

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The Peruvian economy grew 3.93% in March 2018 and added 104 months of uninterrupted growth, accumulating in the first quarter an increase of 3.22%, reported the National Institute of Statistics and Informatics (INEI), according to Gestión.

As for the Gross Domestic Product (GDP), the increase was of 2.69% in the last 12 months. “This is the highest rate of the last 13 months since January 2017”, wrote the media mentioned above.

The growth that was seen during the month of March contributed to the positive evolution of most sectors of the economy in the case of Mining and Hydrocarbons; Agriculture; Trade; Transportation; Storage and Messaging; Manufacturing and Telecommunications; which accounted for around 60% of the result of the month.

In the case of the fishing sector, it declined during the mentioned period.

Also, the growth during March influenced domestic demand, given the higher imports of non-durable consumer goods (18.45%), retail sales (3.55%) and consumer loans (6.56%), as you can read in Gestión.

(Source)
(Cover Photo Flickr)

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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.