The Jan-Nov 2015 cumulative GDP growth was 2.74% and the 12 month (Dec 2014-Nov 2015) cumulative growth rate reached 2.56%, according to the statistics institute.
November figures reflect the positive evolution of household consumption evidenced in higher retail sales (4.82%), credit card consumption (24.10%), increased imports of non-durable consumer goods (9.78%) and government’s consumption (17.47%).
This outcome is also driven by a 5.75% increase in external demand of traditional products, including higher mining (13.74%) and fishing (1.15%) shipments.
“Almost all economic sectors had a positive performance, except for construction. Five sectors combined contributed to more than 60% of growth in the national production,” INEI’s head Anibal Sanchez indicated.