Euro Area GDP Annual Growth Rate Revised Up

2026-09-07 09:14 By Joana Taborda 1 min. read

The Euro Area economy expanded 1.2% year-on-year in Q2 2026, up from 1% in the previous estimate and twice the 0.6% growth recorded in Q1 2026.

The acceleration was driven by stronger growth in household expenditure (1.2% vs. 1.0%) and gross fixed capital formation (1.4% vs. 0.3%), while exports also rebounded sharply (3.9% vs. -0.1%).

Imports increased at a faster pace as well, rising 3.6% compared with 1.9% previously.

Meanwhile, growth in government spending slowed to 1.9% from 2.3%.

Among the bloc's largest economies, GDP growth accelerated in Germany (1.0% vs. 0.7%) and Italy (1.0% vs. 0.8%), while it slowed in France (0.5% vs. 0.7%) and remained unchanged in Spain (2.7% vs. 2.7%).



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