LIMA Nov 15 Peru's economy grew 5.94 percent in
September from the same month a year ago, official
data showed on Thursday, driven by strong domestic demand and an
uptick in mining activity.
The result was at the low end of forecasts from 16
economists that ranged from 5.9 percent to 7.1 percent with a
median of 6.5 percent, according to a Reuters poll.
In August, the economy grew 6.33 percent from a year
earlier, the INEI statistics agency said.
The Andean economy, which has boomed for much of the past
decade, is forecast to grow around 6 percent this year, one of
the fastest paces in Latin America. The government expects
growth will again top 6 percent in 2013.
The construction sector grew 19.22 percent in September
from a year ago, while retail sales rose 14.57 percent and the
mining and oil sector gained 4.95 percent after months of
slippage on softer global prices.
Compared with August, economic activity rose 1.1 percent in
September, the INEI statistics institute said.
Peru is among the world's top producers of copper, zinc and
tin, but declining export earnings for minerals have led the
central bank to trim its view for the full-year 2012 trade
surplus to $3.5 billion from $6.7 billion.
Growth has cut unemployment. The average jobless rate in
metropolitan Lima for the three months through October was 6.2
percent, a decline of 1.1 percentage points from the same period
a year ago, the INEI also reported on Thursday.