Peru’s Construction Sector Grew in Double Digits in November 2020

Domestic cement consumption grew 11.3% in the analyzed period and public investment reached an execution of S/3.88 billion (about US$1.07 billion) in that same month, thus recording a nominal growth of 28.41%, according to the Economy and Finance Ministry (MEF).

RIO DE JANEIRO, BRAZIL - Peru´s Central Reserve Bank (BCR) on Friday reported that the advance in public investment and the increase in domestic cement consumption suggest a double-digit growth in the construction sector for November.

"The data on domestic cement consumption, plus what we have (registered) in public investment, is already ensuring double-digit growth in the construction sector for November, which is quite important," BCR Governor Julio Velarde expressed.

Domestic cement consumption grew 11.3% in the analyzed period and public investment reached an execution of  3.88 billion soles (about US$1.07 billion) in that . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?