The peruvian economy It would have grown around 3% in September, Scotiabank estimated. However, the financial institution indicated that “it would not be surprising” if the final result is even higher than said percentage.
According to the company, the leading indicators reveal encouraging figures such as electricity consumption, which increased 2.8% in the ninth month of the year, as well as public investment, which registered a growth of 14.1%, and the import of capital goods with 12.2%.
“In addition, the national shipment of cement grew by 10.2% y/y – highest growth as of September – according to Asocem, and the sale of new cars grew 17.8% y/y in September – sales of heavy vehicles grew 50% – according to AAP figures,” Scotiabank indicated.
On the other hand, the financial entity indicated that the 3.18% growth in August was driven by sectors associated with domestic demand and services. In that sense, he indicated that internal demand was a reflection of the improvement in the real income of the population.
In addition, he highlighted the growth of formal private employment, low inflationary pressures, better credit conditions, and the greater volume of exports, mainly agricultural.
Likewise, the performance of mining and hydrocarbons stood out at 1.78%, given the greater production of hydrocarbons. In contrast, he recalled that fishing fell 11.5% due to the lower processing of species for human consumption.
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