Eurozone economy stalled in Q4, posting 0.0% qoq growth, falling short of modest expectations for a 0.1% expansion. Meanwhile, EU-wide GDP grew by 0.1% qoq, indicating marginal economic activity across the bloc.
Among individual member states, Portugal led growth with a robust 1.5% increase, followed by Lithuania (+0.9%) and Spain (+0.8%).
However, the overall performance was dragged down by contractions in key economies. Ireland recorded the steepest decline at -1.3%, while Germany and France also posted negative growth of -0.2% and -0.1%, respectively.
On a year-over-year basis, GDP growth was positive for nine Eurozone countries, while three recorded annual declines.
