60% of businessmen in the service sector consider that sales will drop considerably due to protests

The impact on the sales of the sectors service, manufacture, mining and hydrocarbons Y Commerce during the demonstrations that occurred in December 2022 would be “very significant”, according to the report of the Monthly Survey of Macroeconomic Expectations issued by the Central Reserve Bank of Peru (BCRP).

In detail, 60% of the companies surveyed in the service sector indicated that there would be a large drop in sales after social conflicts, while for the manufacturing sector, 58% estimated heavy losses. On the mining and hydrocarbons and commerce side, 55% and 54%, respectively, projected significant drops.

At the time, Alex Contreras, Minister of Economy and Finance (MEF), estimated that the protests would be causing economic losses of up to S/100 million per day. “There is an estimate of the daily impact, what these shutdowns cost, of between S/60 and S/ 100 million. That, if we look beyond the numbers, means less income for families that are not going to work and companies that are not selling,” she noted.

For his part, Daniel Hermoza, director of Mypes Unidas del Perú, explained to this medium that the events of December “destroyed the Christmas campaign.” Likewise, the restart of the strikes on January 4 would be decreasing the volume of sales in the service sector, especially for warehouses and markets.

drops in production

In addition, the report indicates that 57% of the mining and hydrocarbon companies and 50% of the companies in the manufacturing sector affirmed that their production will have a significant drop due to the mobilizations. Along these lines, 65%—the highest percentage—of representatives from the mining sector indicated that there is also an impact on the speed of delivery of inputs from suppliers.