Peru GDP Continues Expanding

Construction and manufacturing continued to lead economic growth in Peru, with GDP expanding 8.33% in May, year on year, according to the national statistics agency, INEI. This compares with growth of 7.25% in April. Year-on-year growth for the first five months of the year rose to 7.63% from 7.45% for the period January through April. The Central Reserve Bank of Peru is forecasting that GDP will expand by 7.2% in this year, while the finance ministry has predicted growth of 7.0%.