During February 2021, transactions of used light vehicles totalled 49,729 in Peru, representing a 24.4% increase from February 2020. This category of vehicles includes cars, pick-up trucks, vans, SUVs and station wagons. This rise can be explained by the reactivation of various economic sectors following the period of strong lockdown measures.
The National Institute of Statistics and IT reported that the Peruvian domestic consumption for cement grew by 14.96% in February compared to February 2020. In addition, electricity production increased by 14.83% and the fishing sector experienced an 8.11% growth during March 2021.
The Government issued a Supreme Decree approving the request for a contingent loan of $400 million from the Inter-American Development Bank (IDB). The contingent loan, to be used in case of natural or technological disaster, emergency situation or economic crisis, will be available to the Peruvian State for three years and will then be renewable for three additional years.
Despite the context of pandemic and heavy rainfall, Peru's Ministry of Transports and Communications managed to complete scheduled projects amounting to over $2.2 billion during the first quarter of 2021. Works worth around $776.5 million were executed in March only, representing a 70% increase from the average amount of the previous 5 years.
The latest opinion poll for the Peruvian presidential elections taking place in one week attributed 12.1% of voting intentions to populist candidate Yohny Lescano, therefore consolidating its first position. However, the Popular Action Party candidate is expected to qualify for a second round in June.
Peru's Ministry of Foreign Trade and Tourism released its strategic plan for the tourism sector until 2023. As part of its objective to generate an economic movement of 370 million soles ($99.2 million) and attract 19.6 million domestic and over 1 million foreign visitors in the next three years, the Government aims to increase tourism employment by 19.6% with the creation of 833,000 new jobs.