LatinNews Daily - 15 October 2018

* Peru’s national statistics institute (Inei) has released its latest economic figures, which show that the GDP increased by 2.25% year-on-year in August, slightly lower than the 2.31% increase registered in July and below market expectations. According to the Inei, the lower-than-expected August GDP figure was driven by a 26.32% fall in activity in the hydrocarbon production sector and a 0.09% fall in activity in the construction sector due to a slowdown in the development of public works. The August figure brings the accumulated GDP growth rate for the year to 3.77% and the rolling 12-month accumulated growth rate to 3.35%. This has led local economists to project that Peru's economy will not meet the 4% year-end GDP growth projection established by the economy & finance ministry as it is expected that economic activity will remain weak in the second half of the year.

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