Mining and Hydrocarbons sector grew 17.41% in April of 2023

The National Institute of Statistics and Informatics (INEI), in the technical report Conjucture Progress of the Economic Activity informed that during April of the current year, the production of Mining and Hydrocarbons increased by 17.41% compared with the same month of the year 2022; being this result the greater growth so far this year.

This performance was based in the greater copper (31.4%), zinc (31.4%), lead (9.1%), iron (2.9%) and silver (0.2%) volume production; while the molybdenum (-2.9%), gold (-1.4%) and tin (-0.9%) production decreased.

While, the hydrocarbons subsector decreased by 0.34% explained by the lower level of exploitation of natural gas liquids (-5.3%); meanwhile the natural gas (6.1%) and crude oil (1.6%) production grew.

The Fishing sector contracted by 2.57% because of the lower extraction of maritime origin species (-6.60%), that affected the branch for direct human consumption (-1.57%), such as species intended to the preparation of canned (-30.5%), for frozen (-5.2%) and the preparation of cured (-2.4%).

At the same time, the fishing for indirect human consumption (anchovy resource for fish flour and fish oil) reduced with an extraction of 6 thousand 444 tons that against the 26 thousand 114 tons reported on April 2022 registered a decrease of 75.3% for almost non-existent progress of the first fishing season of anchovy in the south zone of the coastline. This was caused by the resource dispersion before the registration of the ocean surface temperatures in higher levels to regular values.

On the other hand, the continental origin fishing increased by 14.15% due to the greater extraction of species for consumption in fresh state and for frozen.

According to preliminary figures, as of May 30 of 2023, the production of the electricity subsector in May of 2023 increased by 6.13%, due to greater generation of thermoelectric origin energy (24.0%) and of renewable energies (20.6%); nevertheless, the generation of hydroelectric origin energy contracted (-6.9%).

Among the companies that outstands were: Engie, Kallpa Generación, Ege Junín, Generadora de Energía del Perú, Empresa de Generación Huallaga, Enel Generación Perú, San Gabán, Egemsa and Enel Generación Piura.

The INEI informed that in April of this year the domestic cement consumption reduced by 16.10%, compared to the month of April 2022, explained by the lower progress in private and of self-construction works.

In the result of Abril 2023, influenced the low level of demand and adverse weather factors that mainly determined the limited development of works in the north zone of the country.

During April 2023, the General Government Investment Expending reached S/ 3,623 million and showed a growth of 13.65% compared with the same month of the last year. It is worth to mention that the increase of the investment in construction was reported in the three Government levels; while it reduced the investment in machinery, equipment and other actives at National and Regional level.

The consumption expense of the General Government in nominal terms, increased by S/ 9,092 million, registering a reduction of 3.31%, compared with April of the year 2022.

In April of the current year, the credit granting placed in S/ 71,678 million, increasing by 17.10% compared with the same month of the last year. Likewise, the mortgage credits totalized S/ 61,078 million, a higher figure in 5.56%. On the other hand, the credits granted to big, medium, small and micro-enterprises corporations amounted S/ 220 901 millions, registered a decrease of 5.83%.

In addition, the placement of credit cards of multiple banking was of 6 million 628 thousand units, a higher figure in 3.99% to the reported in April of the last year.

With information available as of May 10 of this year, the total amount imported during April 2023, was of US $ 4 068 million, registering a reduction of 23.61%, compared to the value registered in April 2022.

In accordance with, the acquisition of raw materials and intermediate products placed by US$ 2,153 million, registering a reduction of 29.42%. The import of consumption goods placed in US$ 832 million, decreasing by 9.75% and the purchase of capital goods and construction materials totalized US$ 1,080 million and contracted by 20.10%, compared to the value registered in April of the year 2022.