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Peru's economy grows 1.68% year-on-year in November

Published 01/15/2023, 11:03 AM
Updated 01/15/2023, 11:05 AM
© Reuters. FILE PHOTO: Women shop in a market on a Saturday after the Peruvian government limited men and women to alternate days for leaving their homes, in an attempt to slow the spread of the coronavirus disease (COVID-19), in Lima, Peru April 4, 2020. REUTERS/Se
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LIMA (Reuters) - Peru's economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI) said on Sunday, marking a slight slowdown from the year-on-year rise of 2.01% in October.

Various sectors in the world's no. 2 copper producer drove growth in November, including mining, agriculture, power utilities, construction, retail, transportation and other services.

Activity lagged, however, in manufacturing, telecommunications, finance and fishing.

© Reuters. FILE PHOTO: Women shop in a market on a Saturday after the Peruvian government limited men and women to alternate days for leaving their homes, in an attempt to slow the spread of the coronavirus disease (COVID-19), in Lima, Peru April 4, 2020. REUTERS/Sebastian Castaneda

From January to November, the economy grew 2.70%, INEI said.

A central bank official last week said the Andean country's economy likely grew just under 2.9% last year, less than forecast, due in part to protests over the ousting in December of former leftist President Pedro Castillo.

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