- Eurozone Q2 final GDP +0.6% vs +0.4% q/q second estimate
- Prior (Q1) 0.0%
How does this compare to Q1 economic activity?Eurozone GDP was flat q/q in Q1, so the +0.4% expansion in Q2 marks a clear pickup in economic activity.
What drove the improvement in economic performance?The recovery was broad but uneven. Spain (+0.7%) remained one of the stronger major economies, while Germany (+0.3%) and Italy (+0.2%) posted more modest growth.
What does it say about the Eurozone economy?The economy regained momentum after Q1 stagnation, suggesting activity is holding up better than feared. However, growth remains moderate and uneven across member states.
This article was written by Justin Low at investinglive.com.