📋 Tender Overview
Primary manufacturing would grow by 14.8% due to the effects of the advance of industrial fishing and the oil refining industry.Accumulating three months of continuous progress
The contribution of the manufacturing sector to the national GDP would be around 11.7% (S/ 5,702 million at constant prices).
The Ministry of Production (PRODUCE) reported that in June 2024 manufacturing production would grow by 5%, due to the significant increase in the primary subsector (+14.8%), due to the effects of the advance of industrial fishing (+96%) and the oil refining industry (+11%).
The head of PRODUCE, Sergio Gonzalez Guerrero, indicated that non-primary manufacturing would have registered a slight growth in production of 1.4% in June 2024, mainly due to the greater production of consumer goods (+3.6%).
Among the industries that would affect Junes advance, we can mention: clothing, textile products, paper products and plastic products. In this way, in June 2024 the contribution of the manufacturing sector to the national GDP would be around 11.7% (S/ 5,702 million at constant prices).
In that sense, Minister Sergio Gonzalez highlighted the positive performance of the manufacturing sector, which would boost the national economy by almost 12% in June 2024.
The industry has been recording a positive result for the third consecutive month. This represents a starting point towards the economic recovery of the coming months and above all underpins the growth expectations we have for 2024, he highlighted.
As is known, PRODUCE estimates for the end of the year an increase of 3.5% in the manufacturing industry, supported by the recovery of the construction sector, as well as an increase in domestic demand (+3.5%) and private investment (+2.3% ).
