PERU'S INDUSTRIAL DEMAND STRENGTHENS.
For the remainder of 2002, gains in Peru's industrial expenditure will outstrip out·strip
tr.v. out·stripped, out·strip·ping, out·strips
1. To leave behind; outrun.
2. To exceed or surpass: "Material development outstripped human development" those at the household level. Industrial expansion is mainly driven by the primary (agriculture and mining) sectors, which showed year-on-year gains in excess of 8 percent during the second quarter of this year.
Household consumption will experience modest year-on-year gains in the range of 2 to 3 percent during the second half of 2002, with strongest gains corresponding to non-durable goods. For the remainder of this year, demand for high-end durables Durables
A category of consumer goods, durables are products that do not have to be purchased frequently. Some examples of durables are appliances, home and office furnishings, lawn and garden equipment, consumer electronics, toy makers, small tool manufacturers, sporting goods, will be undercut undercut,
n 1. the portion of a tooth that lies between its height of contour and the gingivae, only if that portion is of less circumference than the height of contour.
2. by consumer concerns related to unemployment. In the three-month period of February through April 2002, open unemployment rose 1.7 percent. Job creation is on the rise, but the number of Peruvians entering the work force is rising faster. Demographic factors will put upward pressure on unemployment for years to come. One reason is that Peru's rate of natural population increase of about 1.8 percent is more than 10 percent higher than the South American average.
The mining and agriculture sectors will experience healthy year-on-year gains this year. During the second quarter of this year, gains in copper sales topped 75 percent. Other mining sectors experiencing double-digit gains include silver and zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. . The rise in mining activity and petroleum production this year will boost demand for associated materials and supplies during the second half of 2002.
The Toledo regime is making headway head·way
1. Forward movement or the rate of forward movement, especially of a ship.
2. Progress toward a goal.
3. The clear vertical space beneath a ceiling or archway; clearance.
4. on weaning weaning,
n the period of transition from breast feeding to eating solid foods.
the act of separating the young from the dam that it has been sucking, or receiving a milk diet provided by the dam or from artificial sources. Peru from its heavy dependence on primary industry. Recovery in the primary industry sector is boosting demand for Peruvian made supplies and equipment. During the second quarter, the manufacturing sector experienced year-on-year growth in excess of 13 percent. Strongest gains (over 40 percent) were noted in the fledgling capital goods Capital Goods
Any goods used by an organization to produce other goods.
Examples of capital goods include office buildings, equipment, and machinery.
See also: Capital Expenditure, Disinvestment
Capital goods manufacturing sector. Growth in demand for intermediate goods topped 15 percent and should be firm through the remainder of 2002.