Unemployment in Germany
Germany - Unemployment
The economy was hamstrung in Q2 by the external sector: Exports contracted strongly and domestic demand was unable to cushion the downturn. Private consumption growth slowed noticeably and fixed investment contracted. Data for the third quarter, meanwhile, continues to signal diverging trends. Industrial activity remained in a tough spot amid severe weakness in the manufacturing sector. In addition, consumer sentiment averaged lower in Q3 compared to the previous quarter. On the upside, the unemployment rate hit a record low in July, while the services sector expanded robustly in July and August. Against this backdrop, the government unveiled a somewhat looser budget as the fiscal surplus is expected to narrow and announced, on 20 September, a package of stimulus measures to fight climate change; the impact of the latter on the economy should be modest, however.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 | -0.68 | 0.41 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 12,025 | -0.41 % | Sep 04 |
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Economic News
Germany: Harmonized inflation falls to lowest level since November 2016 in September
October 11, 2019
Harmonized German consumer prices fell 0.1% month-on-month in September, matching the result of the prior month.
Germany: Exports fall in August
October 10, 2019
Exports fell 1.8% month-on-month on a calendar- and seasonally-adjusted basis, contrasting the revised 0.8% rise in the prior month (previously reported: +0.7% month-on-month).
Germany: Despite rebounding industrial production in August, the outlook remains grim
October 8, 2019
Industrial production rose 0.3% month-on-month on a seasonally- and calendar-adjusted basis in August, swinging from a revised 0.4% drop in July (previously reported: -0.6% month-on-month).
Germany: ECB’s renewed dovishness boosts German consumer sentiment in October
September 27, 2019
Sentiment among German consumers is expected to increase from 9.7 in September to 9.9 in October, according to the GfK German Consumer Climate Study.
Germany: Business confidence crawls up in September from near seven-year low in August
September 24, 2019
German business sentiment inched up to 94.6 in September from 94.3 in the prior month, largely thanks to an improvement outlook on the current situation as the views on business expectations worsened.
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