Peru Economy Grows 9.82%

Peru’s economy grew 9.82% in October, year on year, according to INEI, the country’s national statistics institute. Growth was driven by manufacturing, which expanded 9.4%. Meanwhile, mining and hydrocarbons, normally the engine of growth in the local economy was down 8.6%, the third month in a row this sector has seen a drop in production. GDP for the first 10 months of the year was up by 7.67%.