In March, business expectations rose and showed mixed results with 14 of 18 indicators in optimistic territory, according to the latest BCRP Macroeconomic Expectations Survey. They highlight short-term investment, current sales and better production. In detail, the expectations regarding the economy of the country for the next 3 months went from 47 to 51 points; […]
Tag: PRODUCTION
In November 2023, the production of all metals took off in Peru
The production of all metals progressed in November 2023 compared to the ratios reached in the same month of the previous year, according to the Mining Statistical Bulletin (BEM) prepared by the Ministry of Energy and Mines (Minem). The report indicates that copper remains in the lead and at historic peaks. With the extraction of […]
Guyana records 7% increase in rice production and 28% increase in sugar production in 2023
The government of Guyana reported this Sunday a seven percent increase in the production of rice this year, obtaining revenues of US$ 210 million and 28% in the production of sugarcompared to 2022. “In 2023 we saw an increase in rice production by seven percent, which translates into the production of 653,706 metric tons”said Agriculture […]
Mexico consumes 700 grams of chocolate per capita per year, according to a report
Mexicans consume 700 grams of chocolate per capita and in celebrations the intake increases up to 20%, as revealed this Monday in a statement from Por Amor al Cacao (PAC), a private sector initiative that celebrates 10 years of promoting the cocoa of Mexico. Sales of this product increase by 18% at Christmas, while on […]
Sales and production expectations for Christmas plummet after confirmation of recession
In the month in which the Ministry of Economy and Finance (MEF) recognized that the country is in recession, the expectations of local businessmen worsened and reached the lowest levels of January 2023, when the economy was besieged by high social conflict. According to the recent BCRP Macroeconomic Expectations Survey, most indicators of business expectations […]
Peru’s oil production fell 14% in September: only 34,330 bpd were extracted
The production of Petroleum In Peru it averaged 34,330 barrels per day (bpd) in the month of September 2023, an interannual reduction of 14% compared to the same month in 2022, when 39,257 bpd were extracted. According to figures published this week by Perupetro, crude oil production in the ninth month of the year was […]
Mining and hydrocarbon production grew more than 5% in August 2023
He mining and hydrocarbons sector increased 5.17% in August 2023 due to the positive result of mining-metal activities (4.63%) and hydrocarbons (9.08%), reported the National Institute of Statistics and Informatics (INEI) in the technical report ‘Conjunctural advance of economic activity’. This result was influenced by the higher production volume of copper (7.5%), zinc (6.8%), gold […]
Food prices will moderate in the coming months
Food prices have played a determining role in the behavior of inflation in recent months, remaining in double-digit values. In the past month, the annual inflation rate for food and beverages reached 10.31%, almost double the general inflation rate that stood at 5.88% in Metropolitan Lima. Despite this, it was lower than the 12.89% registered […]
Potato production would decrease by more than 481,000 tons this year
The agricultural sector, after having overcome the fertilizer crisis, finds itself in an even more challenging scenario due to the imminent arrival of the El Niño phenomenon. Despite the optimism of farmers who anticipate a 6.5% increase in their crops this agricultural season, some crops could experience a significant reduction in production, according to the […]
Family farming continues to be subsistence
Agriculture in Peru continues to be mostly family and subsistence, as revealed by the latest National Agrarian Survey (ENA 2022) carried out by the National Institute of Statistics and Information Technology (INEI). The study presented last Monday indicates that the 97.6% of the agriculture that is developed in the country is familiar. This means that […]