Unemployment in Germany
Germany - Unemployment
Growth is expected to have slowed markedly in the second quarter as the harsh external environment continues to leave its mark on the German economy. Industrial output fell in April–May, partly owing to a noticeable drop in manufacturing production, while manufacturing PMI data points to a deeper contraction in the sector in Q2 compared to Q1. Moreover, business confidence soured in the quarter due to concerns about the future economic climate. This in part reflects troubles in the automotive sector, which is suffering from the global slowdown, especially in China, and lingering trade uncertainties. On the other hand, domestic fundamentals are seemingly still healthy. Retail sales recovered in April–May as the labor market remained tight and inflation manageable, and the services PMI increased in Q2 over the prior quarter. However, consumer sentiment deteriorated due to a more uncertain global outlook.Germany - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 6.9 | 6.7 | 6.4 | 6.1 | 5.7 |
Germany Unemployment Chart
Source: Federal Labour Agency.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.48 | 0.41 % | Jul 31 |
| Exchange Rate | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 12,189 | -0.41 % | Jul 31 |
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Economic News
Germany: Economy contracts in Q2 on drag from the external sector
August 14, 2019
Preliminary data released by Germany’s Statistical Institute showed that the economy contracted 0.1% on a seasonally- and calendar-adjusted quarter-on-quarter basis in the second quarter, contrasting the 0.4% expansion logged in the first quarter.
Germany: Harmonized inflation moderates noticeably in July
August 13, 2019
German harmonized consumer prices rose 0.4% month-on-month in July, up from the 0.3% rise recorded in June.
Germany: Exports drop in June and close out a weak second quarter
August 9, 2019
German trade data brought no reprieve in June; exports fell 0.1% month-on-month on a calendar- and seasonally-adjusted basis in June, contrasting the upwardly revised 1.3% expansion in May (previously reported: +1.1% month-on-month).
Germany: German industrial output drops markedly in June
August 7, 2019
Industrial production tanked in June as output fell 1.5% month-on-month in seasonally- and calendar-adjusted terms, contrasting the revised meager 0.1% expansion in May (previously reported: +0.3% month-on-month).
Germany: Consumer confidence drops to over two-year low in August
July 30, 2019
Consumer sentiment eased further in August, as the GfK Consumer Climate index inched down to an over two-year low of 9.7 in August from 9.8 in July, while backward-looking data for July highlighted the current dichotomy in the German economy; “it is apparent that the global economic slowdown, trade conflict and Brexit discussions are having an ever increasing impact on consumer confidence”, GfK noted. Economic expectations dropped markedly in July and fell into pessimistic territory for the first time in over three years.
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