Australia's labor market showed resilience in July 2025 with employment rising by 24,500 jobs, slightly below the forecast of 25,000. This increase was driven entirely by a surge in full-time employment, which grew by 60,500, while part-time employment declined by 35,900. The unemployment rate remained steady at 4.2%, matching expectations, and the participation rate was marginally lower at 67.0% compared to the forecast of 67.1%. In the UK, official data revealed that the economy grew by 0.3% in the second quarter of 2025, surpassing the forecast of 0.1% but slowing from the 0.7% growth recorded in the first quarter. Growth in June alone was 0.4%, supported by increases in services and construction sectors, despite a decline in production. Chancellor Rachel Reeves welcomed the figures as a positive sign, although some indicators such as a 0.8% year-on-year drop in output per hour highlight ongoing productivity challenges. The UK goods trade deficit widened to £22.156 billion in June, exceeding expectations. Meanwhile, the Eurozone economy maintained a modest growth rate of 0.1% quarter-on-quarter in Q2 2025, in line with forecasts and previous readings. However, industrial production contracted by 1.3% month-on-month in June, a sharper decline than anticipated, and employment growth slowed to 0.1% quarter-on-quarter from 0.2% previously. These mixed signals underscore concerns about economic resilience amid ongoing trade tensions and a challenging global environment.
La economía británica avanza más de lo esperado, aunque se desacelera con respecto a la expansión del 0,7% registrada en los tres primeros meses del año. #PIB #ReinoUnido https://t.co/L68g9Kk7UA
Euro zone industry shrinks more than feared in June but GDP holds up https://t.co/iCAY7DsliQ https://t.co/iCAY7DsliQ
Britain's economy slowed less than expected in the second quarter of 2025 after a strong start to the year, despite the shock of US trade tariffs and a weaker jobs market. More here: https://t.co/QxDU3kGFYK https://t.co/4vrqSpiiKi