Perus economy grows 1.68% year-on-year in November

Peru's economy grows 1.68% year-on-year in November

LIMA (Reuters) – Perus economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI) said on Sunday, marking a slight slowdown from the year-on-year rise of 2.01% in October.

Various sectors in the worlds no. 2 copper producer drove growth in November, including mining, agriculture, power utilities, construction, retail, transportation and other services.

Activity lagged, however, in manufacturing, telecommunications, finance and fishing.

From January to November, the economy grew 2.70%, INEI said.

A central bank official last week said the Andean countrys economy likely grew just under 2.9% last year, less than forecast, due in part to protests over the ousting in December of former leftist President Pedro Castillo.

(Reporting by Marco Aquino; Writing by Daina Beth Solomon; Editing by Lisa Shumaker and Grant McCool)

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