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Peru: Manufacturing sector production up 4.7% in March 2022

18:06 | Lima, May. 16.

Production of the manufacturing sector grew by 4.7% in March this year compared to the same month in 2021, driven by the dynamism of non-primary manufacturing and the rise in industrial exports, Production Minister Jorge Luis Meadow reported on Monday.

"This positive result is even 5.3% higher than that of March 2019, when the COVID-19 pandemic had not yet occurred," he stressed.

In the case of non-primary manufacturing, it is worth noting the increase in the manufacture of intermediate goods such as metallic structures (68.7%), chemical products (54.7%), paints and varnishes (37%), as well as cement, lime and plaster (14.2%), which were boosted by higher demand in the construction sector.

Capital goods

The production of capital goods and consumer goods also stood out, including clothing (21%), malted and malt beverages (61.3%), and bakery (17.2%), due to greater local and external demand.

"The result of last March responds to positive figures for industrial exports and the dynamism of non-primary manufacturing", the head of the sector was quoted as saying.

Between January and March 2022, manufacturing increased by 1.9% compared to the same quarter in 2021, due to the recovery of domestic demand and the increase in industrial exports.

In this period, non-primary manufacturing showed a positive performance (5.5%) once again, driven by the bakery industry, clothing, structural metal products, as well as cement, lime and plaster.

(END) NDP/SDD/JJN/RMB

Publicado: 16/5/2022