Today: November 22, 2024
November 22, 2024
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Private investment grew 4% in the third quarter

Private investment grew 4% in the third quarter

The private investment in Peru it grew 4% in the third quarter of the year, according to information from the Central Reserve Bank (BCR).

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With this result, a rebound is observed, after both in the first and second quarters, the indicator increased by 01.%. “The rebound came from residential non-mining investment, whose growth was 11.4%,” said the BCR.

However, according to the monetary entity, the advance in residential non-mining disbursement was offset by the 7.9% decline in mining investment in the July-August-September period.

The data of the BCR They also revealed that private consumption registered a growth of 3.5% year-on-year in the third quarter. This evolution, as he explained, is associated with the dynamism of the labor market and the recovery of real incomes.

Meanwhile, he specified that public investment continued to advance. Between July and September, a growth of 18.8% was observed, due to higher disbursements at all levels of government, mainly regional and central government.

“Public consumption in the third quarter of 2024 grew 4.6 percent year-on-year, a higher rate than the previous period; with greater hiring of maintenance, professional and technical services, rentals and CAS. Among goods, a greater acquisition was recorded of medical supplies, supplies for maintenance and purchase of materials and tools,” the BCR said.

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