Reported 24 days ago
Peru's economy saw a 4.47% year-on-year growth in July, marking its fourth consecutive month of expansion, driven by investments across most sectors except agriculture. This increase follows a mere 0.21% growth in June and surpasses the central bank's expectations of around 4%. Manufacturing surged by 10.91%, while the mining sector grew 3.10%. However, agriculture faced a downturn of 3.93% due to various challenges including weather and reduced planted areas. The government is aiming for a 3.2% overall growth for the year.
Source: YAHOO