Denmark's economy unexpectedly contracted in the second quarter, after expanding in the previous three months, data from Statistics Denmark showed Friday.
Gross domestic product declined 0.3 percent from the first quarter, when it grew 0.6 percent, which was revised from 0.8 percent. Economists were looking for 0.3 percent expansion for the second quarter.
A 1.6 percent fall in exports largely influenced the GDP outcome. Imports, meanwhile, grew 0. percent. Private consumption growth eased to 0.3 percent. Investments declined 1.1 percent.
Year-on-year, GDP decreased 0.1 percent in the second quarter, defying expectations for 1 percent growth.
During the first half of the year, the economy grew 0.5 percent from a year ago.
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