The eurozone economy grew by 0.4% in the period from April to June on a quarterly basis.
Analysts at Capital Economics note that the economy of the currency union, which has 21 member states, continued to grow in the second quarter in line with its trend, despite energy shocks caused by ongoing military actions in the Middle East.
According to Capital Economics' forecasts, the eurozone's GDP will continue to grow moderately in the last six months of 2026.
The third estimate of the eurozone's GDP for the second quarter is expected to be published on September 7.
Although detailed GDP data at the eurozone level has not yet been released, national statistics indicate that household spending has increased. This likely indicates that consumers have cut their savings rather than their spending, as their real incomes have decreased, Capital Economics analysts note.
According to Capital Economics, employment in the eurozone increased by 0.1% in the second quarter on a quarterly basis. Productivity indicators also appear to have increased by 0.3% and have continued to maintain this trend at the beginning of the current quarter.
