Fishing Sector increased in 329.16% during May of 2024

The National Institute of Statistics and Informatics (INEI), in its technical report Conjuncture Progress of Economic Activity informed that in May of 2024, the greater extraction of species of maritime origin favored the growth of the Fishing sector in 329.16%, compared to the same month of the year 2023.

In this result influenced the greater capture of species of maritime origin (451.16%) for indirect human consumption (anchovy for fish meal and fish oil), extracting 1,454.863 tons, a figure that compared to the 7,620 tons obtained in May of 2023, meant an increase of 1,447.243 tons, determined by the continuity of the 1st Fishing Season performed in the North-Center Zone of the country’s coastline.

In addition, the capture for direct human consumption, of species oriented to the preparation of canning (170.7%) and consumption in fresh state (17.2%) increased. Meanwhile, it decreased for frozen (-3.7%) and preparation of curing (-2.4%). On the other hand, the fishing of continental origin reduced in 50.10%, due to the lower extraction of species for fresh state consumption, for frozen and preparation of cured.

During the month under study, the Mining and Hydrocarbons sector increased in 1.83% due to the positive performance of the metal-mining activity (2.39%), associated to the molybdenum production (22.7%), silver (21.9%), iron (20.7%), lead (19.8%), tin (7.2%) and gold (4.5%); which was partially counterbalanced by the reduction of extraction of zinc (-11.3%) and copper (-1.1%).

On the other hand, the hydrocarbons subsector registered a negative performance (-1.68%) due to the lower volume of crude oil (-9.4%). Nevertheless, the production of liquids of natural gas (1.5%) and of natural gas (0.4%).

During the month under analysis, the generation of electricity increased in 1.80% as a result of the greater generation of hydroelectric energy (10.3%) and renewable energies (60.6%). Nevertheless, the generation of thermoelectric origin (-15.4%) reduced.

Among the companies that outstood by its production were: Fenix Power Perú S.A., Energía Eólica S.A., Celepsa, Parque Eólico Tres Hermanas S.A.C., Electroperú, Enel Generación Perú S.A.A., Orazul Energy Perú S.A., Statkraft Perú S.A., Engie Energía Perú and EGASA.

Regarding the production of this subsector, during the sixth month of the year and according to preliminary information available as of June 27 of 2024, the generation of electricity increased in 0.12%, driven by the greater generation of hydroelectric origin energy (16.3%) and renewable energy (39.3%). This result was counterbalanced parcially by the lower generation of thermoelectric origin energy (-14,1%).

Among the companies that showed better results outstood: Electroperú, Fenix Power Perú S.A., Statkraft Perú S.A., San Gabán, Wind Park Tres Hermanas S.A.C., Orazul Energy Perú S.A., Chinango S.A.C., Celepsa, Empresa de Generación Huallaga S.A. and Kallpa Generación S.A.

In May of 2024, the Investment Expenditure of General Government totalized S/4,247 million and grew in 25.11%, compared to the same month of the last year, due to the investment in construction, as well as in machinery and equipment at regional and local level. At the same time, the General Government Consumption Expenditure, that in nominal terms totalized S/ 10,458 million and registered an evolution of 3.39%, compared with May of 2023.

The INEI informed that the mortgage loans totalized S/ 64,662 million; it means, it was higher in 5.43% compared to May of 2023. Likewise, the consumption credits placed in S/ 72,752 million, increasing in 0.59% compared to the same month of the last year.

On the other hand, the loans granted to corporations, big, medium, small corporations and micro-enterprises totalized S/ 213,725 million, decreased in 2.21%, compared to the same month of 2023. The same trend showed the placement of credit cards of multiple banking, by totalizing 6,284 thousand units with a variation of 5.38%, compared to May of 2023.

With information available as of June 20 of 2024, in the fifth month of this year, the total amount of the imports reached US$ 4,485 million, with a growth of 2.30%, compared to the value registered in May 2023. In this result influenced the import of raw materials and intermediate products, that totalized US$ 2,330 million and increased in 8.64%, compared to the value of May of 2023. In addition, the import of capital goods and construction materials totalized US$ 1,224 million, it means, 2.03% more than in May of the last year.

The imported amount of consumer goods totalized US$ 930 million and decreased in 10.49%, compared to the value registered in the same month of the last year.

The domestic cement consumption showed a slight reduction of 1.69%, affected by the lower progress of private works and self-construction, according to the stated in the technical report Conjuncture Progress of Economic Activity, prepared by the INEI.