Eurozone economy contracted 0.3 percent sequentially in the fourth quarter, a revised report from Eurostat confirmed Tuesday.
This was the first decline in euro area gross domestic product since the second quarter of 2009. In the third quarter, GDP grew 0.1 percent.
Annually, the gross domestic product grew 0.7 percent, following a 1.3 percent expansion in the third quarter.
On a quarter-on-quarter basis, household consumption fell 0.4 percent after 0.3 percent growth in the preceding period. Economists had forecast a 0.2 percent drop.
Government spending fell 0.2 percent during the period compared with expectations for no change. Investment contracted for a third consecutive quarter. Last quarter, investment dropped 0.7 percent, steeper than the 0.4 percent decline expected.
During the three-month period, exports fell 0.4 percent quarter-on-quarter and imports were down 1.2 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.