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Story perspectives

Euro Area Growth Driven by Germany, Italy, Spain

10/5/2025

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Story summary
  • Euro area growth in September was led by Germany, Italy, and Spain, with France contracting.
  • The HCOB composite output index rose to 51.2, signaling four months of expansion, with GDP growth estimated at 0.4%.
  • Germany's private sector is at 52.0, a 16-month high, and France's private sector is at 48.1, a five-month low.
  • Italy stays at 51.7, Spain at 53.8.