Mixed results for production in November: mining and hydrocarbons fell 5.29%

At the end of November, the production of the Mining and Hydrocarbons It fell 5.29% compared to the same month in 2020, due to the negative performance of the metallic mining subsector, which registered a 5.85% drop.

According to the report of the National Institute of Statistics and Informatics (INEI), this was due to lower production volumes of zinc (-18.4%), iron (-15.8%), copper (-6.5%) and lead (-5.0%); “Partially attenuated by the growth of molybdenum (8.0%), tin (3.5%), gold (2.7%) and silver (0.8%)”.

Likewise, the hydrocarbons subsector decreased by 1.88% as a result of the lower extraction of natural gas liquids (-6.7%) and natural gas (-4.2%); while crude oil production increased (13.3%).

Different scenario for fishing, which showed a development of 13.03% in the eleventh month, compared to the same period in 2020. From January to November of this year, the sector accumulated a growth of 6.09%. This, due to the growth of fishing of maritime origin (13.36%) in view of the greater landing of species for indirect human consumption (fishmeal and fish oil)

The productive subsectors also showed mixed results at the end of November. According to preliminary figures, in December the electricity subsector grew by 2.43%, driven by the economic reactivation. Meanwhile, domestic cement consumption fell 1.33% in November due to the lower dynamism of public and private works.

INEI: mortgages

In the month of study, mortgage loans amounted to S / 55,808 million, registering an increase of 9.15% compared to the same month in 2020.

Followed by loans granted to companies that amounted to S / 237,683 million, with an increase of 6.34% and consumer loans that totaled S / 54,663 million, with growth of 4.14% compared to November of the previous year.

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