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Eurozone Q2 GDP second estimate +0.4% vs +0.4% q/q prelim

Eurostat’s second estimate confirmed eurozone Q2 GDP growth at 0.4% quarter on quarter, unchanged from the preliminary reading. The prior quarter was revised from 0.1% growth to flat (0.0%), indicating a weaker starting point but a still-positive rebound in Q2. The data should be modestly supportive for the euro because it removes some uncertainty around the growth print, though the headline is not strong enough on its own to shift the broader ECB outlook. Overall, the release points to gradual expansion rather than acceleration, suggesting limited immediate market impact unless paired with upcoming inflation or labor data surprises.

Category

EUR/USD

Sentiment

Neutral

Event

Market commentary

Reading time

1 min