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EU: Slight upside GDP surprise masks future disruption risks
Eurozone GDP growth came in at +0.2% quarter-on-quarter in the third quarter, outperforming both consensus expectations and our own in-house forecast of stagnation. While detailed data are still limited, national statistics suggest that gross fixed capital investment in machinery and equipment was a key driver of the upside surprise. Consumption and export figures vary across member states, with some reporting strong growth and others showing declines. However, it appears that increased consumer demand for energy goods—which had subtracted from growth in the previous quarter due to mild temperatures— supported ... (full story)
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In the third quarter of 2025, seasonally adjusted GDP increased by 0.2% in the euro area and by 0.3% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2025, GDP had increased by 0.1% in the euro area and by 0.2% in the EU. ...
The gross domestic product (GDP) was unchanged (0.0%) in the 3rd quarter of 2025 compared with the 2nd quarter of 2025 - after adjustment for price, seasonal and calendar variations following a decrease (by a revised -0.2% in the 2nd quarter of 2025 from the previous quarter; previously: -0.3%). Based on the provisional results available, gross fixed ...