FOREX TradingCharts.com

Financial News: Eurozone GDP Growth Accelerates To 0.6%

Eurozone GDP Growth Accelerates To 0.6%

06/06/2025 - 06:35:00 (RTTNews)

(RTTNews) - The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday.

Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.

On a yearly basis, economic growth improved to 1.5 percent from 1.2 percent. The first quarter rate was revised up from 1.2 percent.

The expenditure-side of GDP showed that household consumption grew 0.2 percent, while government spending remained flat.

Growth in gross fixed capital formation rose at a stronger pace of 1.8 percent after a 0.7 percent gain.

Exports grew 1.9 percent following a flat growth in the preceding quarter. At the same time, imports rose 1.4 percent, reversing a 0.1 percent drop.

Changes in inventories provided a negative contribution of 0.1 percentage point to the growth.

The number of employed persons rose 0.2 percent, slightly faster than the 0.1 percent rise in the previous quarter. Compared to the same period of last year, employment increased 0.7 percent.

Eurostat reported that labor productivity based on persons increased 0.8 percent year-on-year in the first quarter. Based on hours worked, productivity grew 1.1 percent.

This week, the European Central Bank slashed its interest rates by 25 basis points as inflation eased below the 2 percent target. The bank has reduced interest rates by a quarter basis points each in every rate-setting session since September.

The ECB staff projected Eurozone GDP growth to average 0.9 percent this year and 1.1 percent next year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June (06 hr(s), 57 min(s), 12 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates (07 hr(s), 21 min(s), 12 sec(s) ago)
(RTTNews) - While the Commerce Department released a closely watched report on Friday showing cons ...Full Story»

Brazil Jobless Rate Falls To 6.2% (07 hr(s), 25 min(s), 12 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ending in May, figures fr ...Full Story»

Turkish Economic Confidence Steady At 96.7 (07 hr(s), 44 min(s), 12 sec(s) ago)
(RTTNews) - Turkey's economic sentiment remained stable in June after rising marginally in the ...Full Story»

Iceland Inflation Rises To 4.2% (08 hr(s), 17 min(s), 12 sec(s) ago)
(RTTNews) - Consumer price inflation in Iceland accelerated in June after easing in the previous m ...Full Story»

Eurozone Economic Sentiment Falls Unexpectedly (08 hr(s), 27 min(s), 12 sec(s) ago)
(RTTNews) - Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced ...Full Story»

Belgium Inflation Rises To 2.15% (08 hr(s), 43 min(s), 12 sec(s) ago)
(RTTNews) - Belgium's consumer price inflation rose for the first time in five months in June ...Full Story»

U.S. Consumer Prices Inch Up 0.1% In May, In Line With Estimates (08 hr(s), 48 min(s), 12 sec(s) ago)
(RTTNews) - The Commerce Department released a closely watched report on Friday showing consumer p ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

06/27/2025 - 10:34 AM (RTTNews)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story>>

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

06/27/2025 - 10:10 AM (RTTNews)
(RTTNews) - While the Commerce Department released a closely watched report on Friday showing cons ...Full Story>>

Brazil Jobless Rate Falls To 6.2%

06/27/2025 - 10:06 AM (RTTNews)
(RTTNews) - Brazil's unemployment rate decreased in the three months ending in May, figures fr ...Full Story>>

Turkish Economic Confidence Steady At 96.7

06/27/2025 - 09:47 AM (RTTNews)
(RTTNews) - Turkey's economic sentiment remained stable in June after rising marginally in the ...Full Story>>

Iceland Inflation Rises To 4.2%

06/27/2025 - 09:14 AM (RTTNews)
(RTTNews) - Consumer price inflation in Iceland accelerated in June after easing in the previous m ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.