Regardless of the impact of interest rate hikes, the euro area economy expanded more than expected in the second quarter, underpinned by the out-performance of the Irish and French economies, official data showed Monday.
Separate data revealed that headline inflation slowed for the third straight month in July on falling energy prices, while the core measure held steady.
Gross domestic product registered a sequential growth of 0.3 percent after remaining unchanged in the first quarter, flash estimate from Eurostat showed. GDP was forecast to advance 0.2 percent.
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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.