Eurozone GDP Grows 0.4% in Q1, Exceeds Expectations

Preliminary data show the Eurozone economy grew by 0.4% in the first quarter of 2025, outpacing the previous quarter and exceeding market expectations. Year-on-year growth in the euro area matched the prior quarter at 1.2%, while the broader EU saw a 1.4% annual increase. Among member states, Ireland led with a 3.2% quarterly gain, while Hungary was the only country reporting a contraction. National data reveal Belgium's GDP expanded by 0.4% for the quarter, driven by construction and services, while the Netherlands and Finland saw more modest quarterly growth at 0.1%. The Dutch economy recorded its strongest annual growth in two years, supported mainly by government consumption and trade. These preliminary estimates are subject to revision as more complete data become available.