Pantheon Macroeconomics - Yesterday's economic activity data from Peru signalled that the relatively firm business cycle continues. The monthly GDP index accelerated to 3.6% year-over-year in November, rising from 2.1% in October, but marginally below the 4.4% on average in Q3. Growth continued to be driven by mining output, including oil and gas, which rose 15% year-over- year. The opening of several new mines explains the upturn, and we expect the sector to remain key for the Peruvian economy this year.

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17 January 2017 Peru's Growth is Solid, Will Copper Prices Offer More Support in 2017?

By Andres Abadia

Yesterday's economic activity data from Peru signalled that the relatively firm business cycle continues. The monthly GDP index accelerated to 3.6% year-over-year in November, rising from 2.1% in October, but marginally below the 4.4% on average in Q3. Growth continued to be driven by mining output, including oil and gas, which rose 15% year-over- year. The opening of several new mines explains the upturn, and we expect the sector to remain key for the Peruvian economy this year.

Posted: 16th Jan 2017 in 'Latin America Documents'

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Keywords for: Latin America Documents | 17 January 2017 Peru's Growth is Solid, Will Copper Prices Offer More Support in 2017?

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