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Real GDP growth came in at 1.9% y/y, above the revised 1.3% for Q2 ’25 (previously 1.6%). Growth for ’25 now averages just 2.0%, well below the 3.6% of last year. Agriculture and forestry contracted 22.7% y/y, due to reduced livestock activity, while Construction contracted -5.0%, Mining and quarrying at -4.2%, and Manufacturing at -1.0%. Growth was seen in Electricity and water (+12.5%), Financial services (+8.4%), Wholesale and retail trade (+5.5%), and the public sectors – Education (+4.9%), Health (+4.7%). On the expenditure side, private consumption was up 5.2% y/y, following a large slump of -10.4% Q2 ‘25. Gross fixed capital formation declined by -3.7% y/y, while exports of goods and services rose by 4.7%, outpacing import growth of 0.3%.