The European Union economy continued its gradual growth at the end of 2024 and early 2025, maintaining a moderately expanding GDP and recording record employment figures. According to the latest data, the vacancy rate remained stable, while labor slack reached historic lows. In January 2025, unemployment remained at its lowest level since the end of the previous year.
Regarding productive sectors, European industry showed slight growth in January 2025, consolidating its stability. The services sector, for its part, continued to rise, reaching a new all-time high in December 2024. However, retail trade experienced a moderate decline in January.
Another positive fact for the EU economy was the reduction in annual inflation in February 2025, returning to the levels of December of the previous year. Additionally, economic sentiment in the region showed a slight improvement, reflecting greater confidence in the economic future.
On the social front, the number of non-EU citizens applying for asylum for the first time in December 2024 was the lowest since June 2022. Likewise, excess mortality in the region has decreased steadily in the last three months of 2024.
These data reflect a European economy that is advancing stably, with solid labor markets, progressive control of inflation and a more favorable environment for growth in 2025.
Fountain: EUROSTAT
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