Germany's economy expanded for the first time in three quarters, driven by domestic demand, preliminary data from Destatis showed Wednesday.
Gross domestic product advanced 0.4 percent sequentially in the first quarter, after staying flat in the fourth quarter and contracting 0.2 percent in the third quarter of 2018. The latest growth rate was in line with expectations.
In the same period, economic growth in the euro area doubled to 0.4 percent from 0.2 percent in the fourth quarter, preliminary estimates showed.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.