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The Association of Southeast Asian Nations region needs
The Association of Southeast Asian Nations region needs

The Association of Southeast Asian Nations region needs

The Association of Southeast Asian Nations region needs

Peru’s economy grew 3.18% in September from the same month a year earlier as construction activity continued to drive a recovery in domestic demand, state statistics agency Inei said on Wednesday, Nasdaq reported. A Reuters poll had forecast a 3.1% expansion. The economy expanded by 2.38% in the first nine months of 2017 from a year earlier, Inei said. Peru’s economy, which grew 3.9% in 2016, was hit hard early this year by severe flooding and a graft scandal that stalled investments, leading the central bank to cut the benchmark interest rate four times. Construction activity grew 8.94%, while mining and hydrocarbon activity grew 7.13%. The unemployment rate in the Lima metropolitan area in the August-October period was 6.2%, Inei said. The expansion logged in September marked an uptick from August, when the economy expanded 2.28% year-on-year, but was under the 4.34% pace in September of last year.

 

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