Lima, May 25, 2021.- Between January and March of this year, private investment registered a growth of 36.9% compared to the similar period of 2020 and 16.8% compared to the similar quarter of 2019, announced the Central Reserve Bank (BCR).
It explained that this result was due to the higher execution of construction projects and the boost of self-construction by households.
It was also boosted by the increase in investment in non-mining sectors (43.8%), it said. The higher capitals were the result of the dynamism of self-construction, and the resumption and greater execution of investment projects, said the issuing entity.
The BCR said that these factors were reflected in the significant acceleration of cement consumption and in the improvement of business expectations compared to the first quarter of last year, although the latter weakened compared to the previous quarter.
The mining component of investment registered a lower annual contraction of 9.6% in the first quarter of this year compared to that observed in the previous period, said the monetary authority.