PERU – The recovery of public investment this year will represent a boost for the construction sector, which would reach an expansion of 4.1 percent at the end of 2019 and 6.5 percent in 2020, according to the Institute of Business Development and Economics (IEDEP) of the Lima Chamber of Commerce (CCL).

In the first two quarters of 2019, the GDP of the sector grew by 2.2 percent and 7.5 percent, which reveals an optimal recovery. It is also the fifth sector that contributes most to the economy, representing 5.1 percent of total GDP, the CCL noted.

The IEDEP indicated that the mortgage loans, an important variable in the Construction sector, have reported positive results in the first eight months of the year, behavior that would continue at the end of 2019.

Based on information from the Superintendence of Banking, Insurance and AFP (SBS), it was observed that these loans granted by financial institutions reached S / 50,165 million as of August of this year, representing a growth of 9.7 percent with respect to the same period of 2018.