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Peru : Office Snapshot - Q3 2013

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Peru : Office Snapshot - Q3 2013

The Ministry of Economy and Finance of Peru has projected that the economy will end the year 2013 with a growth of 5.7% in its GDP, while for next year has forecast a growth of 5.9%. The economic growth in the third quarter is primarily due to strong performance of non-primary sectors such as construction, trade and services, which showed rates of 5%, 7% and 13.2% respectively; counteracting the falling of traditional sectors such as fishery, agriculture, mining and hydrocarbons. Regarding domestic consumption of cement, this continues to grow at a rate of 12.2% in the January-August period, a lower value than the same period of 2012 (16%).

Source : Cushman & Wakefield

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