UPDATE 1-Peru's economy grew 5.7 pct in February, year over year

martes 15 de abril de 2014 12:58 GYT
 

(New througout, details on growth in February)

LIMA, April 15 (Reuters) - Peru's economic growth picked up in February, rising 5.72 percent from the same month a year earlier on robust mining and manufacturing activity and beating forecasts, government data showed on Tuesday.

The economy grew at a seasonally adjusted rate of 0.7 percent in February from the previous month, the government statistics agency Inei said.

In the 12 months through February, the economy grew 5.56 percent from the same 12-month period a year prior.

The median estimate of a Reuters poll forecast a 4.9 percent expansion in February on a year-over-year basis. Early this month, the central bank predicted growth at around 5.2 percent.

February's rate also surpassed the 4.21 percent year-over-year expansion posted in the same month of last year.

In the first two months of the year, Peru recorded economic expansion of 4.97 percent from the same period a year ago, Inei said.

In January, Peru grew at a weaker-than-expected 4.23 percent.

Peru started using a new baseline for economic growth this year that gives more weight to the Andean country's key mining sector.   Continuación...