At the end of 2024, the construction sector registered a lean growth of 2.2%, below 3%projected and even further from an estimate of 3.7%, the Peruvian Chamber of Construction reported (Capeco). This accumulated result would have been due to December 0.9%, according to the guild.
Details Capeco What key indicators such as public works He decreased for the second consecutive month in December (-4.4%), in addition to internal cement consumption, whose progress rate in 2024 was just 0.2%, according to INEI.
The brake of the sector became more evident in the last quarter of last year. As remembered, in November, the item fell for the third time in the year (2.4%), after having had four consecutive months In blue. Previously, the Contractions They were recorded in March (2.5%) and June (2.4%).
Despite this performance, public investment It was key after reaching a 10.5%growth. Guido Valdivia, executive director of Capeco, indicated that there is a concern for the slow advance recorded by private investment. According to the Central Reserve Bank (BCRP), it would only have grown 2.3% last year.
The awards of Public-Private Associations (170%)of tax works (20% more than the accumulated of the last 6 years), the mortgage loans (18.3% in amount) and the employment in construction (10.9% in Metropolitan Lima).
Construction: What is expected for this 2025?
The Consensus of Public Entities and Private Consultants points to an increase in the Gross Domestic Product (GDP) of the construction of 3.5% by 2025.
Public works are expected to grow around 4.5%, according to the BCRPwhile cement consumption could experience a 3.2%increase, which would imply a rebound in private investment, particularly in the housing market, according to the guild.
In the long term, construction growth would be sustained over the private investmentwhich is expected to reach a minimum increase of 9.3% between 2024 and 2026.
“In order for the country to be competitive and inclusive, private investment would be needed to grow 9% per year and not every three years,” added Guido Valdivia.
The housing market is promising by 2025. Non -social housing, with sufficient offer and balanced prices, and social housing, with sufficient resources to grow, drive this positive expectation.
Construction fell 8% in 2023
We remember that construction sector It registered an 8% drop, reflected in the negative behavior of internal cement consumption in -11.6% compared to 2022, retail the construction activity in works of the private sphere and self -construction.
This sector contraction generated a loss of 121,000 jobs, according to the INEI.
The construction activity was carried out in the midst of the occurrence of natural disasters, such as the Yaku Cyclone in the first months of 2023, as well as social conflicts in certain areas of the country, coupled with citizen insecurity that caused the deceleration of private investment.
Source: Larepublica
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