Friday , May 14 2021

BCRP Expects Economic Recovery in October Photo 1 of 5 | Economy

After a slowdown in the third quarter of the year, the Central Reserve Bank of Peru (BCRP) reported that the October consumption indicators show a pick-up over the previous months.

BCRP predicted that in October, cement consumption will increase by 5% compared to the same month of 2017, while electricity production will increase by 5.5% during this study period.

Monetary Entity's Chief Financial Officer, Adrian Arma, estimates that the general government's investment will increase in real terms by about 25% in October and would be "one of the highest rates this year".

This result would correspond to the increase in cement consumption.

By promoting data on non-traditional exports, Armas stressed that they are continuing with a significant dynamism. "We estimate that in October they will grow by 7.2%," he said.

BCRP estimates that prices will rise by 1.8% in October. But without measuring energy and food, the fluctuation would be 2.13%.

At the price of lemon, Armas explained that the phenomenon is seasonal and will be normalized in December.

The BCRP also reported that official jobs will increase by 4.2% in October compared to September this year.

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