Overview

• Year-on-year growth for Q2 2025 is now 1.7 percent, up from 1.5 percent in the first estimate.
• The upward revision primarily reflects higher household consumption, with trade and investment also adjusted higher as government consumption was trimmed.
• Investment was the main driver of quarterly GDP growth, complemented by positive contributions from household and government consumption.
• Total jobs rose by 28,000 from the previous quarter and by 87,000 compared with a year earlier, based on updated sources.
• Real household disposable income increased 2.8 percent from a year earlier as wages and benefits rose, while mortgage debt climbed €12.6 billion to €911.6 billion and the debt ratio edged up to 79.2 percent for the first increase since early 2021.