Mining and Hydrocarbons Sector grew 11.38% during July of this year

During July of 2023, the production of Mining and Hydrocarbons sector grew by 11.38% compared with the same month of the year 2022, driven by the expansion of the metal mining activity in 13.35%. This was informed by the National Institute of Statistics and informatics (INEI) in the technical report Conjuncture Progress of the Economic Activity.

Contributed to this result the greater volume of molybdenum (24.7%), copper (18.1%) and zinc (8.6%), production mainly. Meanwhile, the hydrocarbons subsector decreased by 1.64%, because of the lower level of exploitation of natural gas liquids (-13.8%) and of crude petroleum (-7.2%); meanwhile the natural gas production increased (26.0%).

The Fishing sector contracted by 47.94% due to the lower extraction of species of marine origin (-54.73%), reflected in the capture for indirect human consumption (landing of anchovy for fishmeal and fish oil), that increased to 43 tons, and against the 438,032 tons of July 2022, that shows a reduction of 437,989 tons.

In July of 2022, the anchovy capture corresponded to the last month of the first fishing season displayed in the north-center zone of the Peruvian coastline; while that during the month under analysis, continued the suspension of the capture of this resource.

On the other hand, the fishing for direct human consumption showed a growth of 16.54% due to the greater extraction in the line items destined to the preparation of canned (97.15%), frozen (22.03%) and for the consumption in fresh state (10.74%).

In addition, the continental origin fishing contracted in 1.73% due to a lower capture of species for frozen and for preparation of curing.

Through preliminary figures, in August of the current year, the power generation increased 3.76%, explained by the greater production of thermoelectric origin (17.9%) and of renewable energies (5.5%). Nevertheless, the production of hydroelectric origin (-14.6%) decreased.

According to companies, it outstood the production of Enel Generación Perú, Engie, Termoselva, Sudamericana de Energía Piura, Sindicato Energético (Sinersa), Enel Generación Piura, Celepsa, Fenix Power Perú and Empresa de Generación Eléctrica Machu Picchu (Egemsa).

During July of 2023, the domestic cement consumption decreased by 6.10% compared to the month of July 2022 accumulating 11 months of unfavorable behavior due to the lower progress of private works and self-construction.

Consumer loans were located in S/ 73,094 million, increasing by 13.62%, followed by mortgage loans that totalized S/ 61,632 million, registering an increase of 4.08%, compared to the same month of the last year.

On the other hand, the loans targeted to corporations, big, medium, small and micro-enterprises (-11.22%), by totalizing S/ 214,145 million; as well as the placement of credit cards of multiple banking by placing in 6,598 thousand units, reducing in 0.23%, compared with the same month of 2022.

With information available as of August 25 of this year, the total amount imported in July of 2023 increased to US$ 4,232 million, showing a reduction of 21.56% compared with the value registered in July 2022.

Therefore, the total amount imported of consumption goods totalized US$ 905 million, registering a reduction of 20.63%. The purchase of raw materials and intermediate products placed in US$ 2,156 million and showed a decrease of 27.69% and the import of capital goods and construction materials reported US$ 1 166 million, contracting in 8.38%, compared to the value registered in July 2022.