The eurozone economy grew by 0.3% in the first quarter of 2025 compared to the previous three months, according to a report by the European Union’s statistical office, which presented revised data. In annual terms, eurozone GDP grew by 1.2%.
Earlier, GDP growth of 0.4% compared to the previous quarter and 1.2% compared to the first quarter of last year was reported. Experts on average expected both estimates to be confirmed, according to Trading Economics.
In October-December last year, the eurozone economy grew by 0.2% compared to the previous quarter and by 1.2% year-on-year.
Germany’s GDP rose by 0.2% in the first quarter compared to the previous quarter, Italy’s by 0.3%, France’s and the Netherlands’ by 0.1%, and Spain’s by 0.6%.
The EU economy grew by 0.3% quarter-on-quarter and 1.4% year-on-year in the last quarter. Among EU countries, quarter-on-quarter GDP declines were recorded in Hungary (0.2%), Portugal (0.5%), and Slovenia (0.8%). Ireland showed the most active growth, at 3.2%.
This is the second estimate of the change in eurozone GDP out of three. The final data will be published on June 6.
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