The downward trend continues, with national production falling 0.63% in February, according to INEI data.

He National Institute for Statistics and Informatics (INEI) reported that national production in February fell by 0.63%, “following the downward trend of the previous month.” In accordance with Technical Report No. 4This result is due to the contraction of the sectors of construction, telecommunications and other information services, finance and insurance, manufacturing and agriculture. According to the agency, this was due to the continuation of some social conflicts that led to work stoppages, roadblocks, market closures and weather conditions.

He also assured that in the first two months of this year, the Peruvian economy fell by 0.87%; and on an annualized basis from March 2022 to February 2023, it increased by 1.93%.

Industries that contracted in February

In February Agricultural production index decreased by 1.08% compared to the indicator achieved in February 2022. Among the products that influenced the negative result are potatoes (-20.00%), paprika (-74.51%), corn (-24.96%), onions (-22.21%). %), tomato (-23.69%), artichoke (-37.01%), pumpkin (-24.79%), passion fruit (-37.74%), prickly pear (-27.95%), rokoto ( -41.00%), bell pepper (-32.06%) and granadilla (-27.78%).

According to the institution, the unfavorable statistics are related to the climatic conditions recorded along the coast, in the mountains and in the jungle, which favored growth, stunting, development, strengthening and ripening of fruits and crops.

The manufacturing sector also declined by 1.27% as a result of lower activity in the non-commodity manufacturing subsector (-8.38%) and a contraction in the non-commodity subsector, which was reflected in a decrease in consumer goods production (-9.18%). and intermediate goods (-8.63%).

Finally, the construction sector also contracted by 10.15%. In accordance with ERIa product of lower domestic cement consumption (-15.63%), although this was offset by an increase in the progress of public works (25.23%).

Industries that increased production in February

On the other side, ERI reported that the fisheries sector grew by 8.96% due to an increase in the capture of marine species (11.40%), the capture of marine species for canning for human consumption (34.30%), frozen (12.69%) and others.

In addition, the electricity, gas and water sector increased by 4.09% as a result of an increase in electricity production (4.42%) and water production (2.78%). Meanwhile, the performance of the electricity sub-sector was boosted by increased generation of energy from thermoelectric sources (14.1%) and energy from hydroelectric power plants (1.3%). However, the production of non-traditional renewable energy sources decreased (-15.4%).