Overview

• The IOAE posted 1.3% annual growth in June but slowed to a 0.2% monthly increase, marking the weakest gain since March.
• Secondary activities, including mining, manufacturing and construction, recorded a 0.6% contraction for the fourth straight month.
• Tertiary services expanded by 2.0% year-on-year and remained the primary driver of growth for the period.
• Analysts’ second-quarter GDP forecasts vary between roughly 1.09% quarter-on-quarter and 1.48% year-on-year, reflecting persistent uncertainty.
• Sluggish industrial output and decelerating monthly gains underscore ongoing pressures from external trade tensions and domestic policy challenges.