Overview
- Private investment rose 11.4% year over year in the quarter, the strongest pace in more than a decade outside the post‑pandemic rebound.
- Non‑residential mining investment jumped about 24%, with analysts linking the momentum to large copper projects and activity at firms such as Shougang and Southern.
- INEI reported gross fixed capital formation up 10.1%, driven by construction at 6.4% and machinery and equipment at 15.8%, while seasonally adjusted GDP increased 1.2% from Q2.
- Private consumption grew 3.6%, marking an eighth consecutive quarterly expansion supported by employment gains, improved incomes, credit recovery and inflation near the target center.
- Public investment and public consumption each rose 4.8%, and economists say the stronger‑than‑expected investment profile supports a modest full‑year GDP upgrade, with concentration and inventory dynamics flagged as risks.