The Peruvian economy grows 6.43% in May thanks to rising domestic demand | AmericaEconomy



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Lima .- The Peruvian economy grew 6.43% from one year to the next in May, in another strong expansion due to the surge of sectors related to domestic demand such as manufacturing, construction, agriculture and fishing.

The data compare to the expansion from one year to the other of 7.8% in April and to the growth of 3.57% recorded in May of the year last.

higher than expected by analysts, who estimated growth of 5.4%. The Central Bank had projected an expansion of 6%.

Between January and May, the economy has accumulated an expansion of 4.83% year-on-year, while in the last 12 months to May production has increased by 3.55%, said the National Institute of Statistics and Information Technology (INEI).

On a seasonally adjusted level, the economy rose 0.18% in May compared with April, the institute added.

The manufacturing sector, one of the most The weight of local gross domestic product (GDP) grew by 10.50% from one year to the next in May, due to # 39, increased activity in the fishing industry and the manufacture of refined petroleum products.

74% in May due to increased production of fishmeal, of which Peru is the world's largest supplier.

While the construction sector grew by 9.92% year-on-year in the fifth month of the year, internal cement consumption for residential construction, expansion of shopping centers and demand for the sector mining key.

The vital mining and hydrocarbon sector advanced 1.86% in May. The hydrocarbons sub-sector grew by 12.54%, while the mining sub-sector grew 0.16% year-on-year during the month analyzed, INEI reported. 19659002] Peru is a major world producer of metals. 60% of its total exports

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