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Likewise, in the annualized period February 2017-January 2018 the economy grew
2.33%. The entity specified that this result was associated with the favorable
evolution of external demand. Higher exports (13%) were observed, both for
traditional products (12.8%), such as coffee, copper, zinc, gold, iron, tin, crude oil,
petroleum and natural gas derivatives, and non-traditional shipments (13.5%) ,
agricultural, fishing, textile, metal-mechanical and chemical. The INEI reported that
domestic demand also contributed to this recovery, explained by the higher imports
of non-durable consumer goods (3.03%), retail sales (2.04%) and consumer loans
(4.43%). the growth of January 2018 (2.81%) was based on the progress of most
sectors of the economy, among which construction was highlighted; transportation,
storage and messaging; telecommunications, commerce and agriculture, which
accounted for nearly 50% of the result of the month. On the contrary, the
production of mining and hydrocarbons, as well as electricity, gas and water
decreased. The INEI reported that the national production according to large
economic activities grew in the primary sector by 0.32%; secondary sector, 2.28%;
and in the service sector, 3.55%. He reported that the agricultural sector increased
by 3.87%, mainly due to the favorable result of the agricultural subsector (5.77%)
and the livestock sector (1.64%).
Performance
The fishing sector grew 12.42% due to the greater capture of species for direct
human consumption (15.09%). The production of the manufacturing sector rose
0.23%, due to the positive result of the primary manufacturing sub-sector at 1.58%.
Employment in the construction sector increased 2.2% (7,400 people) in the
December 2017-January-February 2018 quarter, and showed a recovery after 12
months