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Message: Peru: More Growth

Another clip from the Peru News (I did the bolding on the small print):

Peru's August mining/hydrocarbons output rose 3.19%
  • Lima, Oct. 03 (ANDINA). Production in Peru's key mining and hydrocarbons sector rose 3.19% in August, as the mining subsector increased 2.3%, while the hydrocarbons subsector rose 7.21%.

    The figures were released in a statement from the government's statistics agency, INEI, which show that growth remains strong in Peru's economy, Dow Jones Newswires reported.

    The agency said Sunday that activity in the farming sector rose 5.83% in August over the same month a year earlier.

    Electricity output increased 9.6% in August, while the fishing sector increased 82.57%.

    The INEI releases the figures for growth in mining and other sectors before later releasing the overall gross domestic product number.

    Peru's GDP expanded by 8.8% in 2010 and is expected grow by about 6.5% this year.

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