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World

Peru's economy grew 4.13pc in Sept from same month a year ago-govt

LIMA: Peru's economy grew by a higher-than-expected 4.
Published November 15, 2016 Updated November 15, 2016 07:22pm

imageLIMA: Peru's economy grew by a higher-than-expected 4.13 percent in September from the same month a year ago, slowing from August as a drop in construction and manufacturing weighed on the mining-powered recovery. A Reuters poll had forecast a 3.8 percent expansion for September.

The economy expanded 4.2 percent in the first nine months of the year from the same period in 2015 as copper production from new mining projects surged, state statistics agency Inei said. The annualized growth rate ticked up to 4.34 percent in September.

Copyright Reuters, 2016

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