Brussels: The euro area economy expanded by 0.1% quarter-on-quarter in the second quarter of this year, matching market expectations, Eurostat announced. This follows a 0.6% growth in the previous quarter, indicating a slowdown in economic momentum.

According to Anadolu Agency, in the broader European Union (EU), gross domestic product (GDP) expanded by 0.2% during the April-June period. Among the member states, Romania experienced the highest quarterly increase, at 1.2%, followed by Poland with 0.8%, and Spain, Slovenia, and Bulgaria with 0.7% each.

Conversely, Ireland's economy faced a contraction, shrinking by 1% in the first quarter, while Germany and Italy both recorded a decline of 0.1%. On an annual basis, the eurozone's GDP growth rate stood at 1.5%, slightly lower than the EU's 1.6%.

Employment figures in the euro area and the EU rose by 0.1% on a quarterly basis in the second quarter of 2025. Annually, employment in both the eurozone and the EU climbed by 0.7%, indicating slight improvements in the labor market.

The eurozone, also referred to as the euro area or EA20, comprises member states that use the euro as their currency, while the EU27 includes all member countries of the bloc.