National production grew 4.92% in February of this year, compared to 2021

The national production in the month of February 2022 registered an increase of 4.92%, reported the National Institute of Statistics and Informatics (INEI). This due to the increase in the sectors: accommodation and restaurants; trade, transportation and storage; manufacture; telecommunications; agricultural; services provided to electricity, gas and water and mining and hydrocarbon companies.

The sector that grew the most was that of the accommodation and restaurants sector with 92.73%, due to greater activity in the accommodation subsector (131.99%) and in the restaurants subsector (92.06%).

It is followed by the transport, storage and courier sector, with a growth of 15.8% and the commerce sector, with an increase of 7.48%, driven by the positive performance of the vehicle sales and repair division.

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However, other productive sectors showed contraction such as construction, financial and insurance, and fishing. It should be noted that these results are based on February 2021, a month with restrictions established by the second wave of COVID-19 in the country, with the consequent impact on productive activity.

The fishing sector was the one that fell the most, with a decrease of 21.08%, due to the lower capture of marine species.

According to the main components of internal demand, investment in construction registered a decrease of 2.53% and household consumption, reflected in retail sales, presented a variation of 3.69%.

On the other hand, the external demand for non-traditional products increased by 14.30%, including agricultural, textile, fishing, chemical, metalworking, iron and steel and non-metallic mining.

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The national production in the period January-February 2022 increased by 3.87% and during the last twelve months, from March 2021 to February 2022, it presented an increase of 14.42%.

In addition, the seasonally adjusted index of national production for February 2022 registered a variation of 0.03%, compared to the immediately previous month.

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