Unemployment in Germany
Germany - Unemployment
The German economy remains entangled in a tale of two narratives: robust domestic fundamentals and a challenging external environment. Domestically, a healthy labor market supported by a strong services sector likely buttressed private consumption in the first quarter of the year. Employment continued to grow steadily through February while the unemployment rate reached a new post-unification low in March. Combined with elevated consumer confidence, this buoyed retail sales growth in both January and February after a contraction in the fourth quarter of last year. On the other hand, the challenging external environment and struggling car industry have affected the manufacturing sector, which entered a downturn in the first quarter. Moreover, trade data for January and February showed that exports fell in both months. Looking at Q2, April’s PMI data suggests the dichotomy continued.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 | -0.07 | 0.41 % | May 13 |
| Exchange Rate | 1.12 | 0.65 % | May 13 |
| Stock Market | 11,877 | -0.41 % | May 13 |
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Economic News
Germany: Economic growth accelerates on strong domestic demand
May 23, 2019
A detailed breakdown of national accounts data saw no revisions to the growth figures previously estimated.
Germany: German economy bounces back in Q1
May 15, 2019
The economy expanded 0.4% in Q1 2019 from the previous quarter, on a price-, seasonally- and calendar-adjusted basis, up from the fourth quarter’s flat reading and above market expectations of a softer expansion.
Germany: Harmonized inflation intensifies in April
May 14, 2019
German harmonized consumer prices rose 1.0% month-on-month in April, doubling March’s reading of a 0.5% increase.
Germany: Trade surplus widens on strong rebound in exports
May 10, 2019
In March, the seasonally- and calendar-adjusted trade surplus rose to EUR 20.0 billion, from EUR 18.7 billion in February, as exports rebounded at a stronger pace than imports.
Germany: Growth in industrial output picks up despite still-weak manufacturing sector
May 8, 2019
Industrial production expanded 0.5% month-in-month in March in seasonally- and calendar-adjusted terms, slightly up from February’s downwardly revised 0.4% increase.
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