SNI: “There is a more encouraging outlook for the industry in the last quarter of 2021”

The National Society of Industries (SNI) reported that 54% of entrepreneurs expect the situation of the Peruvian economy to remain the same or improve in the last quarter of the year, which shows a “more encouraging outlook compared to 36% in the quarterly survey previous”.

The recent Industrial Opinion Survey (EOI) – III quarter 2021, prepared by the SNI, also maintains that, as long as the “uncertainty caused by political positions and power clashes” persists, it will be difficult to convince the 46% of businessmen who are still cautious.

Regarding the outlook for the sector, pessimism for the next three months has also been declining to 34% in the first quarter, 26% between April and June, and 23% for the third quarter. In other words, 77% of entrepreneurs expect their sector to remain the same (49%) or even improve (28%) in this last section.

According to the report, 60% of entrepreneurs reported having registered higher production levels during the third quarter, compared to the same period in 2020, and 18% said that their production was the same. Only 22% registered a drop.

Meanwhile, of the entrepreneurs who saw their production limited, 55% of those surveyed considered the shortage of inputs for the manufacturing process as the first problem, mainly associated with the shortage of containers. Meanwhile, 50% associated it with political and economic uncertainty, 38% associated it with lower demand for products and 34% associated it with price increases.

“Considering the level of sales, 60% of those surveyed stated that their sales (local market and exports) were higher than that registered in the third quarter of 2020, while 17% indicated that sales remained constant and 23% indicated that their sales were lower, compared to the same period of the previous year ”, remarked the SNI.

Similarly, 44% of the industrialists surveyed responded that their company produced with 76% to 100% of its maximum production volume in the third quarter of 2021, and the rest of the companies worked with less than three-quarters of its capacity.

SNI: difficulties for mypes

Similarly, the industrialists’ perspective for hire staff in the next three months (27%) has improved compared to the results of the previous report for the second quarter (16%), while the expectation of entrepreneurs to make investments In the next three months (36%) it has improved compared to the results of the last evaluation (28%).

“Considering that 64% of private investment in the country is made by small and medium-sized companies, it should be taken carefully that 67% of the mypes and 71% of the medium-sized companies are operating in a comprehensive manner. In the case of large companies, 89% operate normally ”, the document states.