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Slow growth: GDP rose 2.01% in October, according to INEI

According to INEI, GDP showed growth in October. | Font: Andean

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National production in October increased by 2.01% compared to the same month in 2021. National Institute for Statistics and Informatics (INEI) in his latest report.

East increase This was driven by the sectors of transport, storage, trade, construction, housing and restaurants.

While these sectors posted strong growth to revive the economy, others, such as telecommunications, finance and insurance, and manufacturing, saw declines.

How much have the industries grown?

The sector that has grown the most is the accommodation and restaurant sector with a growth of 10.02% thanks to the momentum of restaurants such as chifas, chicken shops and fast food stalls.

It is followed by transport, storage, post and courier services with a growth of 9.45%, driven by air, land and water transport.

Sector agricultural It was the third highest growth point, reaching 5.18%, thanks to an increase in agricultural production, mainly grapes, tomatoes, cotton and asparagus.

Which sectors have slowed down?

According to INEI, the telecoms sector shrank by 6.69% due to a decline in mobile and fixed line registrations.

In addition, the financial sector also showed a drop of 4.01% due to fewer loans.

Source: RPP

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