Peru’s mining and hydrocarbon sectors continued to recover. Peruvian productivity index increased by 66.89pc in May from the prior year, according to the National Institute of Statistics and Informatics (INEI). The high growth number is also a result of a low base in May 2020.

 

The index of the mining and hydrocarbons sector for May 2021 was 139.9 points from the 80.2 points in May 2020, according to INEI’s technical report on economic activity.

 

The metal mining subsector grew 82.48pc in May compared to a 45.79pc decrease in the prior year due to COVID-19-related restrictions. The growth was due to an increase in copper production, which rose by 54.3pc from the prior year. Zinc production rose by 385.9pc, and lead output increased by 159.6pc.

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