Peru's economic growth slows in June as El Niño hits farms and fisheries
Fishing plunged 51.94% as El Niño Costero hurt catches and crops, while construction, commerce and services helped cushion the slowdown.
- Peru's GDP growth slowed to 1.75% year-on-year in June 2026, down from 2.18% in May and approximately 3.8% in April, according to INEI.
- The fishing sector fell sharply by 51.94% in June due to the El Niño Costero event, with agriculture down 8.12% and manufacturing down 6.19%.
- The Ministry of Economy and Finance maintains a 3.5% growth forecast for 2026, with Finance Minister Elmer Cuba suggesting growth could reach between 3.5% and 4%, despite climatic challenges.
- Private analysts predict GDP growth closer to 3.1-3.3% for 2026, citing ongoing climate risks and impacts on farming and fishing output.
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Peru's national production grew 1.75% in June, compared to the same month of 2025, but some sectors such as fisheries and agriculture decrease as the first effects of the climate phenomenon of El Niño Costero, reported on Wednesday the National Institute of Statistics and Informatics (INEI).
Peru's economic growth slows in June as El Niño hits farms and fisheries
Peru's economy expanded 1.75% in June compared to the same month last year, slowing from the prior month, data from its INEI statistics agency showed on Saturday, as adverse climate patterns continued to affect the farming and fishing sectors.
Peru's Economy Unexpectedly Slows as Fishing, Agriculture Slump
KELO Newstalk 1320 107.9
Peru’s economic growth slows to 1.75% in June
Aug 15 (Reuters) - Peru's economy expanded 1.75% in June compared to the same month last year, slowing from the prior month, data from the South American nation's INEI statistics agency showed on Saturday. June's data landed just below the 1.8...
The growth in June was mainly due to improved performance in the construction and trade sectors, which advanced 9.04 per cent
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