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Macroeconomics
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BCR estimated that GDP would have risen by about 6% in May
The INEI will release the figure Sunday. According to Itaú, growth in economic activity would have been 5.5%.
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The Peruvian economy would have increased by about 6% in May due to the increase in production in the sectors agro and manfuctura fisheries planned today Jorge Estrella Central Director of Economic Studies of the Central Reserve Bank ( BCR ). "All the previous indicators would indicate that in May the growth of PBI should be about 6%," he said when presenting the July monetary program.
Estrella reports that the fishery increased by 27%, agriculture 15%, manufacture 10.5% and mining 1.9%. In contrast, the production of electricity increased by 3.3%, internal consumption of cement by 8.2%, the investment of public administrations by 10.2% and terms of trade 6.9%.
Related article Julio Velarde: The Peruvian economy would have increased by more than 5% in May
"We would have 4.7% growth from January to May, and on the demand side we see an increase in private consumption and investment, both public and private, "he said. In May, consumer loans increased by 11.6%, mortgages 9.4% and loans to the private sector 9.2% [19659007] According to the projection of the bank Itaú PBI will increase by 5.5% in May due to increased economic activity in the construction sectors, reflecting the recovery of the economy. However, the figure would be lower than April due to normalization in sectors related to natural resources such as fishing.
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