Peru: Construction sector expanded 5.77% thru November 2018

09:30 | Lima, Jan. 30.

In the last 12 months —December 2017-November 2018— construction GDP expanded 5.77%, its best performance in the last five year-on-year periods, thus reversing the poor results from the previous years, private-run Peruvian Chamber of Construction (Capeco) has informed.

"Although the general economic activity has increased in the last 12 months, it should be noted that, unlike the last terms, the annual construction activity achieved a better outcome than the country's global economy," it expressed.

According to Capeco, the sector's recovery in 2018 was significant, but it was below the performances registered in 2013 (8.96%), 2012 (15.82%), and 2010 (17.84%).

On the other hand, the construction activity rose 5.62% between January and November 2018. This represents the best result in the last five years and a clear boost compared to 2017 (1.74%).

Likewise, Capeco affirmed the sector will obtain the best annual projected result from the last quinquennium.


Furthermore, in November 2018, said sphere posted a 13.54% increase compared to the same month the previous year. It was the segment's best result since April (10.18%).

In addition, the greater rhythm of this sectoral activity in November was underpinned by the performance increase in construction GDP's two main components (public works and domestic cement consumption).


Published: 1/30/2019
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