Eurozone economic growth softened in the first quarter, with GDP rising 0.1% qoq, down from 0.2% in Q4 and below expectations of 0.2%. On an annual basis, growth came in at 0.8% yoy, reflecting a modest expansion but underscoring the region’s fragile momentum.
The broader EU economy showed a similar pattern, with GDP also rising 0.1% qoq, easing from 0.2% previously, while annual growth stood at 1.0% yoy.
At the country level, performance was uneven. Finland led quarterly growth with a 0.9% increase, followed by Hungary at 0.8%, and Estonia and Spain at 0.6%. Germany’s GDP rose 0.3% while France was flat. In contrast, Ireland saw a sharp contraction of -2.0%, while Lithuania (-0.4%) and Sweden (-0.2%) also recorded declines.
| Indicator | Previous | Latest |
|---|---|---|
| Eurozone GDP (QoQ) | 0.2% | 0.1% |
| Eurozone GDP (YoY) | 1.2% | 0.8% |
| EU GDP (QoQ) | 0.2% | 0.1% |
| EU GDP (YoY) | 1.4% | 1.0% |
