Cement production in Peru still with a huge decline

Peru Pro 3Q 2023

In Peru in the first 9 month of 2023 the cement production declined by -13.9% to 8.464 Mt after 9.825 Mt in the same period in 2022. However, the decline stabilized in the 3.Q 2023 with -12.4% YoY. Anyhow, a forecast for the rest of the year is difficult. We expect a further improvement.