Limited growth in the eurozone economy

The European Statistical Office (Eurostat) announced preliminary data on Gross Domestic Product (GDP) for the first quarter of the year for the European Union (EU) and the Eurozone .

According to the data, seasonally adjusted GDP in the 20-member Eurozone increased by 0.4 percent in the first quarter of 2025 compared to the last quarter of the previous year. GDP in the Eurozone also increased by 1.2 percent in the first quarter of the year compared to the same period of the previous year.

ABOVE EXPECTATIONS

Market expectations were for GDP in the Eurozone to increase by 0.2 percent quarterly and 1 percent annually. It was noteworthy that the announced data came in higher than market expectations.

Seasonally adjusted GDP in the EU increased by 0.3 percent quarter-on-quarter and 1.4 percent year-on-year in the first quarter of the year.

GERMAN ECONOMY SHRINKS

GDP increased by 0.2 percent in Germany, 0.1 percent in France, 0.3 percent in Italy and 0.6 percent in Spain in the first quarter compared to the previous quarter.

While GDP decreased by 0.2 percent in Germany in the first quarter compared to the same period last year, it increased by 0.8 percent in France, 0.6 percent in Italy and 2.8 percent in Spain.