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The German economy went into reverse during the second quarter of 2014, contracting by a more-than-forecast 0.2 per cent, the Federal Statistics Office said Thursday.
The latest data compared badly with the first three months of the year, when a mild winter helped Europe’s biggest economy expand by 0.7 per cent.
Analysts had forecast German gross domestic product (GDP) to shrink by 0.1 per cent in the three months to the end of June.
Growth in France also fell short of forecasts, with the eurozone’s second biggest economy stagnating in the second quarter.
Economists had expected France’s struggling economy to have gained traction and post a 0.1 per cent growth rate.
The German and French GDP data were likely to set the stage for weak eurozone growth figures to be released later Thursday.
These are forecast to show that the 18-member currency bloc grew by a meagre 0.1 per cent, compared with a growth rate of 0.2 per cent in the first three months of the year.
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