Euro Area GDP Growth Revised Higher in Q4

The Eurozone economy expanded 0.2% on quarter in Q4 2024, better than 0.1% in the previous estimate, and after a 0.4% rise in Q3.

The largest contribution to growth came from household spending which went up 0.6%.

Government expenditure rose 0.9% and investment increased 0.6%.

Meanwhile, both exports and imports edged 0.1% lower and inventories weighed down on the growth by 0.2 pp.

The bloc's two largest economies contracted, with Germany's GDP shrinking by 0.2% and France's by 0.1%, while Italy managed to grow 0.1%, better than a flat reading in the previous estimate.

Also, Ireland booked a 3.6% growth, compared to initial estimates of a 1.3% drop.

On the other hand, the GDP in Austria (-0.4% vs 0%), Finland (-0.2% vs +0.1%), and Malta (-0.7%) contracted and Latvia stagnated.

Meanwhile, Portugal (1.5%), Greece (0.9%), Spain (0.8%), Lithuania (0.8%), Estonia (0.7%), Slovenia (0.6%), Slovakia (0.5%), and Cyprus (0.3%) expanded.