UPDATE 2-Peru economy grew in March at fastest pace in 11 months

viernes 15 de mayo de 2015 15:46 GYT
 

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By Mitra Taj

LIMA May 15 (Reuters) - Peru's economy grew a faster-than-expected 2.68 percent in March from a year ago thanks to a rebound in mining, the country's strongest pace in 11 months, state statistics agency Inei said on Friday.

A Reuters poll had forecast a 2.15 percent expansion.

The economy grew 1.73 percent in the first quarter from the same period in 2014, Inei said, faster than the finance minister's April 27 forecast for a 1.5 percent expansion.

The official reading for March came after Peru's mining-fueled economy repeatedly missed official forecasts for a recovery during a sharp slowdown over the past year.

It could help boost business and consumer confidence that has stumbled in recent months.

The March result helped buoy the sol currency , which has been trading near a six-year low, but edged up 0.10 percent against the dollar on Friday.

However, the pace was still far from the 5.43 percent year-on-year surge registered in March 2014 and the 5 percent the central bank considers the economy's potential growth rate.   Continuación...