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Lima . The Peruvian economy would have grown 5.4% from one year to the next in May, due to a recovery in sectors related to domestic demand such as manufacturing, the sector of construction and fishing, according to a Reuters poll Friday.
Projections of 10 analysts fluctuated from an expansion of 3.70% to 6.30%.
The estimate for May compares with the year-to-year expansion of 7.8% in April and the growth of a 3, 57% recorded in May of the year. 39, last year.
"We expect a significant number supported by a weak comparative basis caused by the El Niño phenomenon.The main drivers are manufacturing and construction, which are recovering from the negative growth and profits of last year in the primary sectors, mainly fishing, "said Pedro Tuesta, Continuum Economics consultant.
Manufacturing rose 10.5% in May; while fishing activity increased by 26.7% this month due to the larger catch of anchovies used for the manufacture of fishmeal, of which Peru is the world's largest producer, according to the report of leading indicators of the National Institute of Statistics and IT (INEI).
INEI announced in early July that the vital sector of mining and hydrocarbons rose by 1.86% in May. Only the metal mining sub-sector grew 0.16% due to the increase in zinc, tin and copper production.
"We continue to see increased momentum in domestic demand-related sectors, 9%," said Pablo Nano, assistant director of economics at Scotiabank.
Tuesta stated that the economy would have returned in June to normal growth rates, below 4%
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