Peru

Peru economy grows 3.64 pct in June as construction rebounds

(Adds context, breakdown of growth by sector, second quarter growth and June versus May expansion)

LIMA, Aug 15 (Reuters) – Peru‘s economy expanded 3.64 percent in June from the same month a year earlier on a surge in anchovy fishing and the first expansion in construction in 10 months, state statistics agency Inei said Tuesday.

It was the strongest reading in the agency’s monthly economic activity indicator since January, and it came in slightly higher than the 3.5 percent median forecast in a Reuters poll.

Peru’s economic growth slowed sharply early this year following severe flooding and a graft scandal that stalled public work projects.

But construction activity expanded 3.49 percent in June year-on-on-year on the back of flood relief work, Inei said.

June’s growth was…

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