Peru’s economy expanded by 0.63% in May year-on-year, helped by growth in the telecommunications sector and trade, data from state statistics agency INEI showed on Monday.

The economy grew 2.60% in the last 12 months, the agency said, adding that May marked 118 months of continuous growth.

Growth in telecoms and trade were counterbalanced by contractions in mining, fisheries and manufacturing, the agency said in a statement.

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