The Central Bank of Peru published an activity update showing the construction sector grew 4.1% year on year in January, and was 7.4% higher than the previous month, driven by stronger progress in public works. Public works expanded 45.6% year on year, reflecting higher investment by regional and local governments and the national government, including increased spending on non-residential buildings, road infrastructure, basic services and risk-prevention works. By contrast, domestic cement consumption contracted 2.9% year on year as local cement dispatches fell 3.8%, led by declines at Unacem (-9.7%) and Yura/Cemento Sur (-3.6%), partly offset by Pacasmayo (+5.5%); cement imports increased 22.1%.
Central Bank of Peru 2025-03-30
Central Bank of Peru reports construction sector up 4.1% year on year in January on a 45.6% surge in public works
The Central Bank of Peru reported a 4.1% year-on-year growth in the construction sector for January, with a 7.4% increase from the previous month, driven by public works. Public works expanded 45.6% year on year due to higher government investment, while domestic cement consumption fell 2.9% amid mixed performance among major producers and a 22.1% rise in cement imports.