Economy in Peru Grows 3.9 Percent in Q1

According to INEI's Peruvian Economy Performance report, driven mainly by growth in manufacturing, services and mining, growth was boosted by a 4.4 percent rise in domestic demand, with gross fixed investment up 9.7 percent and total consumption rising 3.9 percent.

Seasonally adjusted GDP rose 0.6 percent compared to the previous quarter.

Exports of goods and services increased 14.2 percent year-on-year, led by shipments of grapes, natural gas, fishmeal and zinc. Imports grew 15.5 percent, largely due to increased purchases of vehicles, machinery, fuel and industrial goods.

Notable growth was seen across multiple sectors, including agriculture, fishing, mining, manufacturing, construction, commerce, transport, hospitality, telecommunications and business services.

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