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LatinNews Daily - 16 July 2021

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In brief: Production up in Peru

* Peru’s national statistics institute (Inei) has published figures showing that national production increased by 47.8% in May compared with the same month last year, when production declined by 32.59% year-on-year on account of the coronavirus (Covid-19) pandemic. There are signs of an accelerating economic recovery – whilst the accumulated growth in production for the 12 months to May stood at 2.5%, production increased by 19.69% between January and May this year. In May, production increased in all sectors except agriculture and livestock, where output was down 4.4% compared with 2020. The most dynamic year-on-year growth was seen in the hospitality sector (480.47%), although this was still 45.33% less than the pre-pandemic figures recorded in May 2019. Output also significantly increased in the construction sector (257.04%), vehicle sales and repairs (239.69%), wholesale (103.92%), and retail (86.13%).