UPDATE 1-Peru's economy likely grew by about 4 pct in April-finmin

martes 2 de junio de 2015 13:19 GYT
 

(Adds preliminary growth data for April, additional comments from minister)

LIMA, June 2 (Reuters) - Peru's finance minister said on Tuesday that the economy is recovering from a sharp slowdown over the past year and likely grew by around 4 percent in April from the same month a year earlier.

In March, growth had picked up to 2.68 percent year-on-year, the first sign of a rebound in Peru's mining-fueled economy in months.

"The economy is already in a stage of recovery," Finance Minister Alonso Segura said on local broadcaster RPP. "In March it grew 2.7 percent and in April it is expected...that it is closer to 4 percent, or higher."

Peru's economy grew 2.35 percent last year as its key mineral exports tumbled and investments fell. In previous years, the economy expanded by more than 5 percent.

April's growth rate is scheduled for release mid-May.

Preliminary data showed that mining activity rose 18 percent in April from a year ago on surging mineral production. Copper was up 21 percent, gold 15 percent and zinc 18 percent, according to state statistics agency Inei.

Electrical output, a barometer of industrial activity, rose 5.45 percent while fishing jumped 154 percent. And government investments surged 27 percent in April, Inei said, suggesting a construction rebound after months of stalled public works.

Segura said that the government of President Ollanta Humala will ask Congress on Tuesday for the authority to legislate a new batch of reforms aimed at strengthening the economy in the medium and long term.   Continuación...