German Unemployment Increases More Than Expected

RTTNews | 793 dni temu
German Unemployment Increases More Than Expected

(RTTNews) - Germany's unemployment increased more than expected in November as energy crisis and weaker demand dampened activity particularly in the manufacturing sector.

The number of people out of work increased by 17,000, which was larger than economists' forecast of 13,000 and also October's rise of 9,000, data from the Federal Labor Agency revealed Wednesday.

The jobless rate rose to 5.6 percent in November, while the rate was forecast to remain unchanged at 5.5 percent.

Unemployment and underemployment increased again after seasonal adjustment and short-time work is increasing again, but employment is growing significantly, said Daniel Terzenbach, Regional Director of the Federal Labor Agency.

The labor force survey results from the statistical office released earlier on the day showed that the jobless rate held steady at seasonally adjusted 3.0 percent in October. The number of unemployed totaled 1.33 million, down 1,700, or 0.1 percent from September.

The latest Purchasing Managers' survey revealed that Germany's private sector continued to remain in contraction zone in November.

Employment increased at a slightly faster rate which contributed to a steep decline in backlogs of work, S&P Global survey suggested. Nonetheless, the pace of job creation was among the weakest since the recovery in workforce numbers began at the start of 2021.

read more
German Inflation Unexpectedly Eases In January

German Inflation Unexpectedly Eases In January

Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.
RTTNews | 7g 41 minut temu
ECB Surveys Show Rising Eurozone Inflation Expectations

ECB Surveys Show Rising Eurozone Inflation Expectations

Euro area consumers' inflation expectations for the next 12 months increased for a third straight month in December, while professional forecasters revised up the projections for this year and next, separate surveys by the European Central Bank showed on Friday.
RTTNews | 10g 45 minut temu
France Inflation Rises To 5-Month High

France Inflation Rises To 5-Month High

French inflation accelerated to a five-month high in January largely on energy and manufactured product prices, provisional data from the statistical office INSEE showed Friday. Consumer prices registered an annual increase of 1.4 percent in January, following December's 1.3 percent rise.
RTTNews | 15g 52 minut temu
German Unemployment Rises Marginally

German Unemployment Rises Marginally

Germany's unemployment rose slightly and job vacancies decreased in January as the manufacturing sector faces severe downturn, official data revealed on Friday. The number of people out of work increased by 11,000 in January after rising 10,000 in December, the Federal Employment Agency said. Unemployment was expected to increase more sharply by 14,000.
RTTNews | 17g 27 minut temu
ECB To Cut Rates Again As Lagarde Sees Disinflation

ECB To Cut Rates Again As Lagarde Sees Disinflation "Well On Track"

The European Central Bank lowered its interest rates for a fourth policy session in a row on Thursday and is likely to opt for more easing going forward as policymakers seek neutrality amid a slump in Eurozone growth and expectations for inflation to return to target over the course of the year.
RTTNews | 1 dni temu
Eurozone Economy Stagnates In Q4

Eurozone Economy Stagnates In Q4

The euro area economic growth ground to a halt in the fourth quarter as output shrunk in Germany and France and remained flat in Italy, leaving Spain as the only economy in the big four to continue expansion, adding hopes of another interest rate cut by the European Central Bank later on Thursday.
RTTNews | 1 dni temu
German Economy Contracts Unexpectedly In Q4

German Economy Contracts Unexpectedly In Q4

The German economy logged an unexpected contraction in the fourth quarter on weaker exports, adding fears of recession, preliminary data from Destatis showed Thursday. Gross domestic product fell 0.2 percent from a quarter ago, confounding expectations for an expansion of 0.1 percent. This follows a 0.1 percent sequential growth in the third quarter.
RTTNews | 1 dni temu
French Economy Shrinks In Q4

French Economy Shrinks In Q4

The French economy contracted for the first time in nearly two years in the fourth quarter as the positive impact of the Paris Olympics and Paralympic Games faded, official data revealed Thursday. Gross domestic product shrank 0.1 percent sequentially after expanding 0.4 percent in the third quarter, first estimate from the statistical office INSEE showed.
RTTNews | 1 dni temu