Unemployment in Germany
Germany - Unemployment
The economy should have emerged from recession in the third quarter. Industrial production swung from contraction in Q2 to expansion in July–August, and private-sector operating conditions improved markedly in the quarter from Q2. Furthermore, consumer sentiment turned noticeably less sour in Q3, which, coupled with falling prices, should have supported private consumption. Meanwhile, turning to Q4, a new round of restrictive measures—including bar and restaurant curfews and limits on social gatherings—announced in mid-October to curb the second wave of Covid-19 infections will likely derail recently regained economic momentum. In other news, the Cabinet approved the 2021 draft budget in late September, which focuses on investment and encompasses new debt of EUR 96 billion to further mitigate the blow dealt by Covid-19. The budget still needs to be approved by parliament.Germany - Unemployment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Unemployment Rate | 6.4 | 6.1 | 5.7 | 5.2 | 5.0 |
Germany Unemployment Chart
Source: Federal Labour Agency.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.19 | 0.41 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Germany: Harmonized inflation rises in May
June 15, 2021
Harmonized consumer prices rose 0.28% month-on-month in May, down from 0.46% in April.
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Germany: Merchandise exports growth decelerates in April
June 9, 2021
Merchandise exports growth softened to 0.3% month-on-month in April from 1.3% in March, while imports fell 1.7% month-on-month from a 7.1% expansion in the prior month.
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Germany: Industrial output falls in April
June 8, 2021
Industrial production fell 1.0% month-on-month in April, after expanding 2.2% in March, as the industrial sector opened the second quarter on a sour note.
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Germany: GDP tumbles at slightly quicker rate than previously estimated in Q1
June 1, 2021
The economy contracted at a slightly steeper pace than previously estimated in the first quarter, with GDP falling 1.8% quarter-on-quarter (previously reported: -1.7% qoq).
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Germany: Consumer sentiment expected to rise but remain pessimistic in June
May 27, 2021
The GfK consumer climate index is expected to rise to minus 7.0 in June from May’s minus 8.6.
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