Eurozone Q2 final GDP +0.6% vs +0.4% q/q second estimate

Eurostat released the final gross domestic product (GDP) data for the Eurozone in the second quarter, reporting a quarterly growth rate of +0.6%. This reading significantly surpassed the preliminary second estimate of +0.4% quarter-over-quarter. The expansion marks a solid acceleration in regional economic performance compared to the first quarter, when output stagnated at 0.0%. The economic improvement was driven by uneven growth across major member states. Spain delivered one of the strongest performances with a growth rate of +0.7%, while core economies expanded at a more modest pace, with Germany recording +0.3% growth and Italy reporting +0.2%. The upward revision indicates that the Eurozone economy has proven more resilient than earlier projections suggested, regaining positive momentum after a sluggish start to the year. The stronger-than-anticipated GDP print provides fundamental support for the euro, potentially limiting pressure on the European Central Bank to accelerate monetary easing. Market participants will monitor upcoming macro indicators to see whether regional growth momentum persists.