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Peru: Manufacturing sector up 12.2 % in Nov 2018

13:20 | Lima, Jan. 10.

Peru's manufacturing sector expanded 12.2% last November, compared to the same month in 2017, thus making industry grow 5.3% during the first 11 months of 2018.

The remarks were delivered by Minister of Production Raul Perez-Reyes at a press conference on Thursday.

Primary manufacturing —including fishery and non-ferrous metals— increased 9.9% between January and November 2018, while non-primary manufacturing rose 3.7% in the same period.

"This significant growth is the result of a great fishing year in 2018, due in part to decisions made in the past, such as setting the fishing quota based on scientific opinions," the minister explained.

It must be noted that, according to INEI's official report, the fishing sector's production went up by 188.51% in November last year due to the start of the anchovy fishing season.

This was the result of 866,913 tons of anchovy caught in the analyzed month, compared to 6,361 tons —reported in the same month a year earlier— destined for indirect human consumption, due to the start of the second fishing season.

(END) RGP/CNA/RMB/MVB

Published: 1/10/2019
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