Overview

• Germany’s statistical office revised Q2 GDP to a 0.3% quarter‑on‑quarter contraction from the earlier 0.1% estimate.
• Officials cited weaker‑than‑expected June output in manufacturing and construction and a downward tweak to household consumption.
• German exports slipped 0.1% on the quarter, private investment fell 1.4%, and public spending rose 0.8% as a policy counterweight.
• Mexico’s INEGI confirmed Q2 GDP growth at 0.6% quarter‑on‑quarter, with services up 0.8% and industry up 0.7%, while agriculture fell 2.4%.
• Analysts said Mexico avoided a technical recession, with the annual GDP pace at 1.2% and first‑half output up 0.9% year over year.