The German economy shrank slightly as expected in the second quarter, preliminary figures from Destatis revealed on Wednesday.
Gross domestic product fell 0.1 percent sequentially, in line with forecast, and reversed the downwardly revised 0.3 percent growth in the first quarter.
On a yearly basis, the economy logged a calendar-adjusted growth of 0.4 percent after rising 0.3 percent in the first quarter. At the same time, price-adjusted GDP remained flat in the second 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.