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Peru Economic Activity June 2023

Peru: Economic activity decreases at a softer pace in June

Economic activity fell 0.6% compared to the same month a year earlier in June, which was a smaller contraction than May’s 1.3% decrease. Looking at the details, the commerce and energy sectors slowed in June, while the agricultural, construction and manufacturing sectors contracted at softer paces.

On a monthly basis, economic activity rose 1.3% in June (May: -1.6% mom), the best result since May 2021. Meanwhile, annual average economic activity growth fell to 0.7% in June (May: +1.1%), pointing to a worsening trend.

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