16.1.08

Peru's GDP Expands by 8.1%

Peru's economy expanded 8.1 percent in November from a year earlier, spurred by a rise in fishing, construction and export manufacturing, the national statistics institute reported.

Rising consumer demand is driving the growth of Peru's gross domestic product for a seventh year, creating jobs amid higher real wages even as inflation accelerates, said Rafael Sanchez, an analyst at Lima-based consultant firm Management & Investment Services.

Growth is driving demand for imported goods, which jumped by one-third to $1.8 billion in November, while exports rose 8 percent to $2.4 billion.

Via Bloomberg


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