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The eurozone economy grew 0.1% in the second quarter of 2025, and by 0.2% in the EU, according to the latest figures from Eurostat.

Gross domestic product (GDP) had increased by 0.6% in the euro area and by 0.5% in the EU in the first three months of the year.

Compared with the same quarter of the previous year, seasonally adjusted gross domestic product (GDP) increased by 1.5% in the euro area and by 1.6% in the EU in the second quarter, after 1.6% in the euro area and 1.7% in the EU in the previous quarter.

Denmark recorded the highest increase of GDP compared to the previous quarter, up 1.3%, followed by Croatia and Romania which both rose 1.2%. Decreases were observed in Finland (-0.4%), Germany (-0.3%), and Italy (-0.1%).

It comes after European Central Bank (ECB) president Christine Lagarde told Fox Business News that the eurozone was 'resilient' but not 'thriving', adding that she expects 1% growth in 2025.

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Eurostat revealed that the contributions to growth came from household final consumption expenditure which increased by 0.1% and government final consumption expenditure which rose 0.5%.

Exports decreased 0.5% in the euro area and by 0.2% in the EU, while imports were stable in the euro area and increased by 0.3% in the European Union.

New data also revealed that employment 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.

Hours worked increased by 0.1% in both the euro area and the EU in the second quarter of 2025, compared with the previous quarter. Compared with the same quarter of the previous year, hours worked decreased by 0.2% in the euro area and by 0.4% in the EU.

In the second quarter, Bulgaria (+1.1%), Spain and Malta (both +0.7%) recorded the highest growth of employment in persons compared with the previous quarter. The highest declines of employment were recorded in Lithuania (-0.9%), Greece and Croatia (both -0.5%).

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.