On February 25, 2026, Scotiabank reported that Peru’s construction sector began the year with strong momentum as domestic cement consumption reached a historic high. According to the Peruvian Cement Producers Association (ASOCEM), cement consumption in January totaled 1.13 million metric tons, representing a 14.1% increase compared to the same month last year. This figure marks the highest volume ever recorded for January and extends the sector’s growth streak to twelve consecutive months.
The performance of Peru’s construction industry is significant due to its impact on employment, related industries, and investment trends. The continued expansion signals resilience in the sector and may influence broader economic activity.
Scotiabank outlined several factors contributing to this growth. “Robust self‑construction activity, supported by improved formal employment conditions and stable construction‑material prices—the Construction Materials Price Index fell 1.1% in 2025,” said Carlos Asmat of Scotiabank. He also noted reinforcing signals from related industries: “a 5.1% rise in local brick manufacturing and a 12% increase in construction‑steel bar sales (INEI).” Additionally, Asmat highlighted strong formal real-estate investment with new mortgage loans expanding by 24% in 2025 for a second consecutive year of growth, as well as higher public investment mainly driven by local governments.
However, there were some negative trends within the sector. Asmat said that weaker demand for cement used in social-housing programs provided some offset: “Mivivienda loan placements fell 23% in 2025, marking their third consecutive annual decline.”
For more details on these developments and supporting data charts, see Scotiabank’s full report.
