Euro Area GDP Annual Growth Rate Revised Up to 1.5% in Q2

The GDP in the Euro Area expanded 1.5% year-on-year in the second quarter of 2025, higher than 1.4% in the initial estimates, and following an upwardly revised 1.6% in Q1. The largest contributions came from household expenditure and changes in inventories (0.7 percentage points each), followed by gross fixed capital formation (0.6 percentage points), public expenditure (0.4 percentage points) and exports (0.1 percentage points). On the other hand, imports trimmed 1.1 percentage points from the growth. Among the bloc's largest economies, the GDP expanded 0.2% in Germany, 0.8% in France, 0.4% in Italy and 2.8% in Spain.