*Peru’s national statistics institute (Inei) has announced that the country’s economic output fell by 0.82% in October compared with the same month in 2022. Meanwhile, over the first ten months of this year economic output fell by 0.65%. The year-on-year fall in October was due to contractions in a number of sectors, including agriculture (-7.62%), manufacturing (-2.69%), construction (-9.06%), hotels & restaurants (-1.22%), telecommunications (-2.81%), and finance & insurance (-8.34%). However, there was year-on-year growth in sectors including fishing (+51.62%), mining & hydrocarbons (+3.10%), electricity, gas & water (+2.62%), and trade (+1.36%).
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- In brief: Economic output falls in Peru
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