Australia's household spending increased by 0.5% month-on-month in June 2025, slightly below the estimated 0.8% and down from May's 0.9%. On a year-on-year basis, household spending rose 4.8%, just under the expected 4.9% but higher than the previous 4.2%. The moderation in spending was attributed to consumers scaling back on services. In Spain, industrial production grew by 1.0% in June, surpassing expectations of a 0.1% decline and improving from 0.6% growth in May. Mexico's exports to the United States increased by 6.3% year-on-year in the first half of 2025, reaching a record $264.4 billion, despite tariff threats and sectoral duties. However, Mexico's private consumption contracted by 1% in May 2025 due to declines in domestic goods and lower formal employment, while fixed investment fell 7.1%, marking nine consecutive months of decline. The economic growth forecast for Mexico in 2025 was revised upward from 0.2% to 0.3%, with 2026 projections increasing from 1.2% to 1.4%. Germany's economy contracted by 0.1% in the second quarter of 2025, driven by weak investment, continuing a pattern of recession with six contractions in the last eleven quarters. Eurozone retail sales rose modestly by 0.3% in June, matching expectations and improving from a 0.7% decline in May.
Eurozone Retail Sales Increased Slightly by 0.3% in June, Matching Expectations and Improving from -0.7% Last Month
⚠️Recession in Germany continues: German economy CONTRACTED -0.1% in Q2 2025 from the previous quarter, driven by an investment weakness. The German economy has shrunk in 6 out of the last 11 quarters. Economic malaise is an understatement..👇 https://t.co/fBHVVTZgG9
🇩🇪 EN PANNE. Autrefois locomotive de l'Europe, l'Allemagne peine à se relever des chocs successifs ➡️ https://t.co/WGIKQBqMD8 https://t.co/u3jr5Bsx3Z