Peru GDP Growth Slows to 4.8% YoY in Q1


Peru's economy advanced 4.8 percent year-on-year in the first quarter of 2014, down from a revised 6.9 percent expansion in the previous three months, due to lower copper exports.

On the expenditure side, exports decreased 3.4 percent year-on-year, while total imports increased 0.9 percent. Household consumption grew 5.0 percent, government expenditure increased 12.9 percent and investment slowed to an annual 3.3 percent growth rate.

On the production side, the services sector rose 6 percent year-on-year, while mining output rose at its slowest pace in a year (4.7 percent). Copper production increased 17.4 percent, construction output gained 5.3 percent, retail trade expanded 5.2 percent and manufacturing rose 2.9 percent.

Peru GDP Growth Slows to 4.8% YoY in Q1


Isabel Felino | Isabel.felino@tradingeconomics.com
5/27/2014 3:58:54 PM