In the third quarter of 2025, the economy recorded a moderate increase in domestic demand, contrasting with the driving role of foreign trade.
Final consumption, slightly up, is still struggling to regain a sustained pace from one quarter to the next.
Read more Investments: decline in the third quarter of 2025, dragged down by the private sector
In the third quarter of 2025, final consumption grew timidly by 0.1% compared to the previous quarter, according to data from the National Institute of Statistics. This moderate evolution reflects contrasting dynamics between its components.
In detail, public consumption declined slightly by 0.2%, while private consumption stalled. « The stagnation of private final consumption primarily results from sluggish demand for food and forestry products », highlights the institute. The decline observed in several segments — beverages (-4.7%), grain processing (-3.4%), chemical industry (-9.9%), and other manufacturing industries (-5.0%) — neutralized the increases recorded in agricultural processing (+8.5%), textiles (+2.5%), and agri-food industries (+1.4%).
Read more Tertiary sector: slight quarterly decline, but still solid annual momentum
Over a year, however, the picture appears more favorable. Compared to the third quarter of 2024, final consumption shows sustained growth of 5.2%, driven by both public demand (+5.2%) and private demand (+5.3%). The latter particularly benefits from an increase in the consumption of food products (+4.4%), agricultural processing (+15.8%), and manufacturing industries (+13.2%). « This dynamic is in line with previous quarters », specifies the INS.
Nevertheless, some brakes remain, particularly in grain processing (-10.8%), the chemical industry (-2.0%), and furniture manufacturing (-0.9%), which temper the overall performance.
Overall, final consumption contributes 4.5 points to GDP growth. The associated deflator, estimated at 3.6%, also indicates a gradual control of consumer prices, in a context where domestic demand remains fragile despite the impetus from exports.
Read more Trump says he will reach an “excellent deal” with Iran and will likely not extend the ceasefire
