Eurozone economy grew 0.6% in second quarter, beating initial estimate

The eurozone economy grew 0.6% in the second quarter from the previous quarter, two-tenths of a percentage point more than initially calculated, according to new data from Eurostat.

Net exports provided the strongest boost, contributing nine-tenths of a percentage point to growth. Private consumption added two-tenths. Investment and public spending made no contribution, while changes in inventories reduced the result by five-tenths.

GDP growth across the European Union reached 0.7% in the quarter, also two-tenths above the initial estimate. The EU figure reflected an eight-tenths contribution from net exports, two-tenths from private consumption and one-tenth from investment. Public spending had no effect, while inventories reduced growth by five-tenths.

The revised figures showed renewed momentum between April and June after the eurozone economy stagnated in the first quarter. Compared with the second quarter of 2025, GDP increased 1.2% in the eurozone and 1.4% across the European Union.

Spain recorded the strongest growth among the bloc's four largest economies, expanding 0.7%. Germany grew 0.3%, Italy 0.2%, and France stagnated. Ireland led all countries with growth of 10.2%, while Austria contracted 0.1%.

Eurostat also reported that employment increased 0.1% in both the eurozone and the EU. The figures represented 221.4 million employed people in the EU and 176.4 million in the eurozone. Portugal posted the strongest employment growth at 1%, while Finland and Greece recorded the largest declines. Spain's employment rose 0.5%.