During November 2023, national production increased by 0.29%, compared to the same month in 2022, due to the result obtained by the Agricultural sectors; Fishing; Mining and Hydrocarbons; Electricity, Gas and Water; Trade; Transportation, Storage and Courier; Government Services and Other Services, as announced by the National Institute of Statistics and Informatics (INEI) in the technical report National Production.

On the contrary, the Manufacturing sectors showed unfavorable behavior; Construction; Accommodation and Restaurants; Telecommunications and Other Information Services; Financial and Services Provided to Companies. The national economy from January-November 2023 decreased by 0.57% and during the last 12 months, December 2022-November 2023, it decreased 0.42%.

The Agricultural sector grew by 1.19%

The Agricultural sector increased by 1.19% due to agricultural activity (2.44%); meanwhile, livestock production was reduced (-0.60%). Among the agricultural products that contributed to this result, paprika (98.34%), watermelon (92.92%), artichoke (66.59%), onion (36.06%), grapes (27.6%), paddy rice (22.9%) and hard yellow corn (17.83%), given the greater planted area of ​​the crops.

On the other hand, the livestock products that showed contractionary behavior were: poultry (-1.47%), goats (-1.45%), eggs (-1.27%) and fresh milk (-0.94%), among the main ones.

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Fishing Sector increased by 60.96%

The production of the Fishing sector increased 60.96% due to the greater extraction of species of maritime origin (68.90%), with a greater contribution from fishing for indirect human consumption (anchovy for fishmeal and fish oil), while report a catch of 766,419 tons, compared to 311,499 tons in November 2022. The anchovy landing corresponded to the second month of the 2nd. Fishing Season 2023 (north-central zone).

Likewise, fishing for direct human consumption grew 3.38% due to the greater landing of species for frozen (9.7%) and for fresh consumption (2.7%); On the other hand, it decreased for curing preparation (-57.0%) and canning preparation (-14.0%). On the other hand, continental fishing grew 7.27%, associated with the greater catch destined for fresh consumption.

The Mining and Hydrocarbons sector increased by 8.04%

The Mining and Hydrocarbons sector grew by 8.04% due to the expansion of metallic mining activity by 10.60%, driven by the greater volume of copper production (11.7%), molybdenum (19.5%) and gold (9.7%). On the other hand, the hydrocarbon subsector decreased by 7.98%, due to lower exploitation volumes of natural gas (-13.2%), natural gas liquids (-5.9%) and crude oil (-4 ,2%).

Manufacturing sector production decreased by 0.51%

The Manufacturing sector decreased by 0.51% explained by the lower activity of the non-primary manufacturing subsector (-6.72%); while the primary manufacturing subsector grew (18.45%). The lower level of production in the consumer goods industry (-7.07%) and intermediate goods industry (-6.91%) contributed to the result of the non-primary subsector; On the contrary, the capital goods industry grew (33.58%).

The positive performance of the fish processing and preservation branches (56.8%), manufacturing of primary precious metal products (9.0%) and manufacturing of oil refining products (10.0%) contributed to the result of the primary subsector. ,3%). However, the sugar manufacturing branch contracted (-2.9%); as well as meat processing and preservation (-0.2%).

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The Electricity, Gas and Water sector increased by 0.69%

The Electricity, Gas and Water sector increased 0.69% due to the greater generation of electrical energy (0.61%), water production (1.08%) and gas distribution (1.62%). The electricity subsector was driven by increased hydroelectric energy generation (24.0%) and non-conventional renewable energy (69.9%); On the other hand, thermoelectric energy was reduced (-19.1%).

The positive result of the water subsector contributed to the largest volumes of drinking water production from the companies EPS Grau (7.5%), Sedapal (2.2%), Seda Chimbote (1.9%) and Epsel (1.7%). %). Gas distribution grew due to greater shipments to Vehicular Natural Gas marketing establishments (9.4%) and to companies (1.8%); On the contrary, distribution to electricity generators decreased (-1.6%).

Production of the Construction sector decreased by 8.05%

The Construction sector contracted by 8.05% reflected in the low internal consumption of cement (-8.37%) and the lower physical progress of public works (-7.80%). The lower domestic consumption of cement was linked to lower private investment in construction, as well as self-construction.

The contraction of the physical progress of public works at the Local Government level (-32.0%) was partially offset by investment at the National (36.9%) and Regional (6.3%) levels. In this regard, road infrastructure and basic services projects were affected. Meanwhile, the construction of non-residential buildings and risk prevention works grew.

The Commerce sector increased by 1.30% due to wholesale sales (1.69%), highlighting the sale of fuel; food, beverages and tobacco due to greater rotation of food products, carbonated beverages and waters, due to the advance of the summer season and Christmas campaign; machinery and equipment for the mining, construction and sanitation sectors; as well as for the health sector through public-private tenders and measures aimed at facing the El Niño Phenomenon.

The Transportation, Storage and Courier sector increased by 1.45% influenced by the transportation subsector (3.64%); Meanwhile, the storage and messaging subsector decreased (-4.15%).

For its part, the Accommodation and Restaurants sector decreased 0.03% due to the behavior of the restaurants subsector (-0.74%); However, the accommodation subsector grew (7.17%). The Telecommunications and Other Information Services sector decreased by 4.47% due to the negative behavior of the subsectors, telecommunications (-4.41%) and other information services (-4.93%).

The Financial and Insurance sector decreased by 5.25%, due to lower loans (-5.63%) and deposits (-2.65%) from commercial banks. According to destination segment, loans directed to corporations, large, medium, small and microenterprises decreased (-10.6%); while consumer loans (5.2%) and mortgage loans (1.4%) increased.

Finally, the Business Services sector decreased by 0.92% due to the contraction of travel agencies and tour operators (-10.8%), administrative and support services activities (-1.2%), professional activities , scientific and technical (-1.0%).

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