Peru: Consumer loans up 13.64% in May 2019

12:58 | Lima, Jul. 1.

Consumer loans in Peru expanded 13.64% in May 2019, compared to the same month last year, the National Institute of Statistics and Informatics (INEI) informed Monday.

Likewise, mortgage loans registered positive results (9.36%), as well as those granted to the corporate sector, meaning large, medium-sized, micro- and small-scale enterprises (5.91%).

Furthermore, commercial bank's credit card placements rose 8.45% compared to the similar month in 2018.

Selective consumption taxes

Moreover, the National Customs and Tax Administration Agency (Sunat) indicated domestic Selective Consumption Taxes (ISC) collection totaled S/357 million (around US$108 million) in May 2019, thus increasing 29.52% compared to the same month last year.

General sale taxes' (IGV) and customs taxes' revenue expanded 0.93% (S/2.976 billion = about $904 million) and 6.21% (S/2.647 billion = about US$804 million), respectively.

Exports

According to INEI, total exports decreased 16.27% in the fifth month of 2019, due to lower traditional (-19.75%) and non-traditional (-7.19%) shipments.

Imports

In addition, imports declined 3.39% in May 2019, compared to the same month last year.

(END) MDV/DTK/MVB

Published: 7/1/2019

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Peru: Consumer loans up 13.64% in May 2019

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