The German economy contracted at the end of the year, damping the possibility of the euro area skirting a technical recession, as suggested by recent surveys.
Gross domestic product logged an unexpected quarterly fall of 0.2 percent, reversing the revised 0.5 percent expansion in the third quarter, preliminary data from Destatis revealed Monday. GDP was forecast to remain flat.
Bundesbank had earlier projected the largest euro area economy to roughly stagnate in the fourth quarter.
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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.