PREVIEW-Peru economy seen up 9.3 percent in September

WHAT: Peru’s monthly economic growth

WHEN: Monday, Nov. 15 around 10 a.m. (1500 GMT)

OUTCOME: Another big surge seen

REUTERS FORECAST: Peru’s economy (PEGDP=ECI: ) is forecast to
grow 9.3 percent in September from the same month a year ago,
according to a survey of nine economists, as domestic demand
drives growth instead of the traditional engine of mining
exports.

Peru is one of the world’s fastest-growing economies,
expected to expand more than 8 percent this year. The central
bank said on Friday it may raise its growth forecast for this
year to above 8 percent.

The economy grew 9.22 percent in August from the same month
a year earlier. Growth in August was 0.22 percent from July.

MARKET IMPACT: Limited. Peru’s central bank held its
benchmark interest rate steady at 3 percent for the second
straight month on Thursday, saying that inflation was under
control.

This year prices are forecast to rise less than 3 percent,
the ceiling of the central bank’s target range. The low-end of
the range is 1 percent.

Consumer prices dipped in September and October by 0.03
percent and 0.14 percent, respectively, on cheaper food and
beverage prices.

Strong growth has helped lure foreign direct investment to
Peru, contributing to gains in the local currency, the sol
(PEN=PE: ), which is near a two-year high of 2.80 against the
U.S. dollar. The sol has gained about 3 percent this year,
hemmed in by frequent interventions by the central bank.
(Reporting by Ursula Scollo; Editing by Kenneth Barry)

PREVIEW-Peru economy seen up 9.3 percent in September