Peruvian Economy Grows 2.83% In February

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The economy has had 103 months of continuous growth.

Driven by exports, rather than by the domestic market, domestic production in the first two months increased by 2.83%, said Gestión yesterday, using information from INEI (National Institute of Statistics and Informatics).

“Domestic production, in February of this year, increased by 2.86% when compared to the same month of 2017 and accounted for 103 months of continuous growth”, you can read in Gestión.

They also say that this positive result is based on the evolution of the external demand of non-traditional products, such as fishing, agricultural, chemical, iron, steel, metal-mechanic, textile, zinc, iron, molybdenum, oil, coffee, and sugar.

According to information from INEI, there are a total of six factors that contributed to almost 56% of the national production. February’s economic growth is due to the majority of the economic sectors, except for mining and hydrocarbons.

“Around 56% of the result of the month was based on the positive behavior of the Construction, Commerce, Transportation, Storage and Messaging, Telecommunications, Agricultural, and Services Provided to Companies sectors”, Gestión informed.

As for the agricultural sector, its growth was of 4.70%. The fishing sector increased by 5.11%, and the mining and hydrocarbons sector by 2.43%.

(Source)
(Cover Photo Pxhere)

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Ermelinda Maglione

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.