Eurozone Q2 GDP growth significantly revised up, economic recovery exceeds expectations

⑴ Revised data from Eurostat show that the year-on-year GDP growth rate of the eurozone in Q2 2026 has been revised up to 1.2%, higher than the initial estimate of 1.0% released at the beginning of August. ⑵ The quarter-on-quarter GDP growth rate of the eurozone for Q2 has been revised from 0.4% to 0.6%, indicating a significant strengthening of economic recovery. ⑶ The GDP of the overall European Union grew by 1.4% year-on-year in Q2, and the quarter-on-quarter growth rate was raised from 0.5% to 0.7%, signaling a general regional economic rebound.