Economic Buzz: Eurozone GDP and employment both up by 0.1% in Q2

In the second quarter of 2025, seasonally adjusted GDP increased by 0.1% in the euro area and by 0.2% in the EU, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2025, GDP had increased by 0.6% in the euro area and by 0.5% in the EU.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.5% in the euro area and by 1.6% in the EU in the second quarter of 2025, after +1.6% in the euro area and +1.7% in the EU in the previous quarter.

The number of employed persons increased by 0.1% both in the euro area and in the EU in the second quarter of 2025, compared with the previous quarter. In the first quarter of 2025, employment had increased by 0.2% in the euro area and had remained stable in the EU.

Compared with the same quarter of the previous year, employment increased by 0.6% in the euro area and by 0.4% in the EU in the second quarter of 2025, after +0.8% in the euro area and +0.4% in the EU in the first quarter of 2025.

Based on seasonally adjusted figures, Eurostat estimates that in the second quarter of 2025, 219.9 million people were employed in the EU, of which 171.6 million were in the euro area.

In the second quarter of 2025, productivity based on persons increased by 0.8% in the euro area and by 1.2% in the EU compared to the same quarter of the previous year.

Based on hours worked, productivity compared with the same quarter of the previous year increased by 1.1% in the euro area and by 1.5% in the EU.

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