Peru's economy unexpectedly slowed in June, with the economic activity index rising just 1.75% year-over-year, below the 2.3% median estimate of five economists surveyed by Bloomberg. The figure also fell short of May's 1.8% reading and even the most pessimistic forecast of 2.0%.

The slowdown was driven by declines in fishing and agriculture output, exacerbated by unusual weather conditions. Output decreased 0.22% from a month earlier, marking a significant downturn from previous months.

This unexpected deceleration highlights vulnerabilities in Peru's key export sectors, particularly as blueberry harvests and fishing operations face environmental challenges. The data suggests broader concerns about climate impacts on Peru's agricultural and marine industries.

Analysts had anticipated modest growth, but the sharper-than-expected decline underscores the sensitivity of Peru's economy to external weather patterns and sector-specific disruptions.