Peru Textile Output Plunges 29% on El Niño; 100K Jobs at Risk

Peru's textile production fell 29% due to El Niño, with the National Society of Industries (SNI) estimating 100,000 industrial jobs at risk. SNI's Felipe James is urging the government to refinance textile and fishing firms, fast-track legislative powers, and delay the second minimum wage increase until after the peak El Niño impact. The development signals a significant economic shock to Peru's industrial sector, with potential ripple effects on employment and growth.