He construction sector would have an increase of between 3% and 4% (see graph) for the first quarter—January, February, March—of 2024, reported the Peruvian Chamber of Construction (Capeco), according to the survey carried out among the companies consulted and the Bank. Central Reserve Bank of Peru (BCRP).
“The signs are positive, with a El Niño phenomenon apparently not so strong, the reduction in prices of materials, and the reference interest rate by the BCRP. There are also prospects for significant recovery in the award levels of public-private projects and in infrastructure assets. Proinvestment“, indicated Guido Valdivia, executive director of Capeco, this Thursday, December 28.
Construction sector by 2024. Photo: Capeco
In addition, an increase in the mining sector is expected for next year. Valdivia also highlighted that the situation for the first months of next year is positive, so, from the beginning, an upward impact is expected.
However, he warned that the execution of public work continues with negative figures. For October alone, the infrastructure had a paralysis that reached 8% and reached 2,171.
In relation to housing prices, which for the third quarter of the year rose by close to 4%, the expectation is also a downward trend. “If construction costs and interest rates stabilize, then the upward trend should be contained,” added Valdivia.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
