The euro area economy expanded unexpectedly in the second quarter, preliminary flash estimates published by Eurostat showed Wednesday.
Gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter. GDP was expected to remain flat.
On a yearly basis, economic growth softened to 1.4 percent from 1.5 percent in the prior quarter. Nonetheless, the growth rate was better than forecast of 1.2 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.