Eurozone, EU economic growth expands in Q1 from previous quarter

Graeme Paterson

30-Apr-2025

LONDON (ICIS)–Economic growth in the eurozone expanded in Q1, with GDP growing by 0.4% compared with the previous quarter, according to official data on Wednesday.

The economy also grew in the wider EU, with seasonally adjusted GDP increasing by 0.3%, statistics agency Eurostat said in a flash estimate, which is subject to revision.

2024 Q2 2024 Q3 2024 Q4 2025 Q1
Eurozone 0.2 0.4 0.2 0.4
EU 0.3 0.4 0.4 0.3

Ireland (+3.2%) saw the highest increase compared with the previous quarter, followed by Spain and Lithuania (both +0.6%). Hungary (-0.2%) was the only member state to record a decrease, Eurostat said.

On a year-on-year basis, Q1 GDP rose by 1.2% in the eurozone and by 1.4% in the EU.

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.

Contact us to learn how we can support you as you transact today and plan for tomorrow.