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Eurozone Q1 Growth Revised Down, Industrial Output Surges in March

Economic growth in the Eurozone fell short of initial forecasts, while industrial production exceeded expectations with a 2.6% monthly rise, highlighting uneven recovery across member states.

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Finanzministerin Rachel Reeves

Overview

  • Eurozone GDP grew by 0.3% in Q1 2025, revised down from an initial estimate of 0.4%, following 0.2% growth in Q4 2024.
  • Member states displayed significant disparities: Ireland led with 3.2% GDP growth, Spain grew by 0.6%, while Germany and France saw only slight increases.
  • Industrial production across the Eurozone rose by 2.6% in March, surpassing the 2.0% forecast, with an annual increase of 3.6%.
  • Ireland, Malta, and Finland recorded the strongest monthly industrial output gains, while Luxembourg and Greece experienced the largest declines.
  • The data underscores ongoing regional economic divergence and the challenge of sustaining a cohesive recovery amid persistent supply-chain and energy pressures.