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Peru's commercial bank loan portfolio grew 3.51% year-on-year through September to 239bn soles, the third consecutive month of accelerating growth. Asbanc attributed the pickup to a stronger economy, citing construction, commerce and manufacturing.
INEI reported 2.28% economic expansion in August.
Stronger domestic credit and a planned US$6bn reconstruction effort after El Niño flooding point to firmer Peruvian demand for feed inputs, though the effect on feed commodity prices is marginal.
bnamericas.comOct 24, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
