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After increasing its domestic production by 6.43% in May, 106 months of uninterrupted increase were accumulated, as reported by the National Institute of Statistics and Informatics (INEI ) in the technical report on national production.
The main determinant of this increase was external demand for non-traditional products, which increased by 27.40%. Similarly, the productive sectors that contributed most to growth were the manufacturing sector, followed by agriculture and construction.
The agricultural sub-sector recorded the largest increase in the last 14 months
79% compared to May 2017 and is the highest figure of the last six years, since May 2012 (15.35% ), due to the positive result of the agricultural subsector (17.11%) and livestock (9.56%). In the growth of the agricultural sub-sector, the highest volumes were olives (291.8%), branched cotton (174.9%), paddy rice (95.2%), hard yellow corn ( 35.9%), cocoa (18.7%), starch maize (15.9%), coffee (9.7%) and potatoes (7.6%); due to larger areas planted and harvested, to which good weather conditions were added, compared with May 2017 months when the sector was still affected by El Niño Costero.
In the livestock sub-sector, the highest production of poultry (16.5%), eggs (7.4%), fresh milk (2.6%) and pork (2.0%) s is demarcated.
The capture of 1 million 643 000 985 tonnes of anchovies affected the positive result of the fishing sector
In May 2018, the fishing sector increased by 26.74% due to the Largest catch of anchovies for indirect human consumption (35,27%) due to the continuity of the first season of anchovy fishing this year. During the month of analysis, 1 million 643 000 985 tonnes were caught against 1 million 215 000 362 tonnes recorded in May 2017.
On the other hand, the abnormal waves recorded on the Peruvian coast resulted in the lowest species capture for consumption the direct human presence of maritime origin (-0.23%), which affected the low catch of species intended for fresh consumption (-15.8%) ; however, the fishery increased for canning (60.1%), brining (23.1%) and frost (14.5%).
Mining and Hydrocarbons Sector Increased 1.86% Due to Increased Production of Hydrocarbons Subsector
Mining and Hydrocarbons Production Increased by 1.86% and added three months of continued growth, mainly due to performance. hydrocarbon subsector positive (12.54%) associated with higher production of crude oil (25.8%), natural gas (11.4%) and natural gas liquids (6.1%) .
Similarly, the metal mining activity increased by 0.16% thanks to the increase in production of zinc (8.7%), tin (4.5%) and copper (1.4%) due to mining units mining companies with higher grades; However, the production of silver (-2.6%), gold (-4.0%), lead (-9.4%) and molybdenum (-11.1%) has decreases.
Manufacturing activity grew by 10.50% and recorded the second highest rate up here this year
In May 2018, manufacturing output increased by 10.50 %, determined by the positive result, the primary industrial subsector (20.35%) and the non-primary manufacturing sub-sector (5.67%). In the primary manufacturing sub-sector, the most important fish processing and preservation (39.7%) accounted for about 53% of the variation in the sector; the manufacture of petroleum refining products (10.7%); and the manufacture of precious and non-ferrous metals (3.0%). In addition, in the non-primary sub-sector, production of consumer goods increased by 2.77%, intermediate goods by 10.21% and equipment goods by 8.84%, in response to the recovery of domestic and external demand. The electricity, gas and water sector has accumulated four months of uninterrupted growth
The production of the electricity, gas and water sector has increased by 3.41% thanks to the increase in electricity production (2.85%) 23.82%) and water (5.07%). The result of the subsector of electricity was influenced by the largest generation of thermoelectric origin (6.15%) and solar wind energy (84.54%); while that of hydroelectric origin decreased (-2.09%).
The gas subsector grew by 23.82% due to greater demand from major producers, industry and distributors of natural gas vehicles.
The increase in domestic consumption of cement influenced the positive result of the construction sector
The construction sector increased by 9.92%, reflected in the internal cement consumption of 8, 25% and physical progress of public works 17.58%
The positive result of internal cement consumption was associated with the continuity of construction work in the mining units; office buildings; shopping centers and construction of condominiums and multifamily residential buildings. Similarly, there has been a greater investment in public works (17.58%), in the three areas: regional government (48.4%), national government (20.5%) and local government (4.7%). %).
The commerce sector grew by 3.28% and accumulated 13 consecutive months of growth
In May of 2018, the trade sector grew by 3.28% based on the highest sales and repairs of vehicles (0.68%), wholesale trade (3.72%) and retail trade (3.30%), adding a sustained recovery for the thirteenth month in a row.
Increased demand for air transport has influenced production in the transportation, storage and courier industry
Production in the Transportation, Storage and Messaging sector has increased by 7.09% due to increased activity transport subsector (7.88%) and storage and messaging (5.49%). In the transportation sub-sector, air transport increased (20.7%) due to the increase in passenger and freight traffic; thus, road and pipeline transportation increased (3.1%) due to increased freight and passenger traffic by rail (11.2%) and by road (2.7%). ). The favorable performance of the storage and messaging subsector is explained by the increase in the activity of postal and courier services (2.7%) and support activities for storage and warehousing. transportation (5.8%).
The accommodation and restaurant sector grew by 3.36%
In May 2018, the accommodation and food sector increased by 3.36% due to positive results for the housing sub-sector (5.43%) and restaurants (3, 11%). In the result of the subsector of restaurants, the highest activity of Creole food establishments, fast food, restaurants, chifas, poultry and cevicherías, among others favored by the celebrations of Labor Day and Mother's Day; In addition, they have increased business catering services – dealers and beverage services. On the other hand, the activity of the catering services has decreased.
The telecommunications and other information services sector grew by 5.09%
The telecommunications and other information services sector grew by 5.09% due to the high activity of telecommunications (5.88%) and other information services (0.77%). In the telecommunications sub-sector, telephone service (6.5%) and Internet and subscription television (6.0%) were increased, encouraged by the 2018 Russia Football World Cup
. Television and radio programming service (6.7%) and publishing (0.2%).
The increase in mortgage and consumer lending boosts activity in the financial and insurance sector
The finance and insurance sector grew by 8.48%, thanks to l 39; 7.96% mortgage and 7.68% consumer mortgages, and 7.58% corporate loans, mainly for the mining sector; hotels and restaurants; transport, storage and communications trade; agriculture, livestock, hunting and forestry and manufacturing industry. Similarly, total deposits increased by 6.02%.
Sector Services Provided to Businesses Increased by 3.81%
In May 2018, the Services Provided to Business sector increased by 3.81% due to the increase in business activity advertising and market research (7.5%); travel agencies and tour operators (5.7%) due to increased demand from the World Cup; administrative and support services activities (3.8%); as well as specialized, scientific and technical activities (3.0%)
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