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UPDATE 1-Peru's economy grows 6.15 pct in January from last year
March 15, 2013 / 3:36 PM / in 5 years

UPDATE 1-Peru's economy grows 6.15 pct in January from last year

LIMA, March 15 (Reuters) - Peru’s economy grew 6.15 percent in January from the same month a year ago, with strong expansion in the construction and retail sectors, official data showed on Friday.

Economists surveyed by Reuters had forecast expansion of 6.6 percent.

Growth in Peru - which posted one of the quickest growth rates in Latin America last year - has been led for the past few years by strong domestic demand that has outpaced relatively weaker exports.

In January, the construction sector grew 18.4 percent on the year, while retail rose 5.47 percent, and manufacturing expanded 3.04 percent.

The mining and oil sector, however, contracted 4.38 percent. Mining historically has led growth and makes up about 60 percent of Peru’s export earnings.

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