*Peru’s national statistics institute (Inei) has released figures showing that the country’s economic output increased by 2.85% in February compared to the same month last year. The report also stated that Peru’s economy experienced an accumulated growth of 2.10% for the period January-February this year, however economic output across the 12 months to February fell by 0.12%. This year-on-year growth in February 2024 was mainly driven by mining and hydrocarbons (+15.94%), whilst other sectors with increased outputs included electricity, gas, and water (+8.09%), construction (+6.41%), transport, storage, and postal services (+5.18%), and trade (+3.02%), among others. There was, however, a year-on-year decline in the output of the fishing sector (-31.26%), which Inei said was due to less fishing “for indirect human consumption”, whilst the finance and insurance (-5.12%) and manufacturing (-4.68%) sectors also saw decreases in their year-on-year outputs.
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