Market updates and forecasts

Obtenga las últimas noticias económicas de ForexMart, incluyendo actualizaciones sobre el mercado financiero, anuncios de políticas del banco central, indicadores financieros y otras noticias relevantes que pueden afectar a la industria.

Descargo de Responsabilidad:  ForexMart no ofrece asesoría de inversión y el análisis proporcionado no debe interpretarse como una promesa de resultados futuros.

German Jobless rate in February Slightly Declined


Marzo, 01 2018
watermark Economic news

The total unemployment rate in Germany for February came in lower than expected, as the employment rate in January reached a record high based on the data published on Wednesday. This highlights the stability of labor market supported by the increase in German consumption.


According to the data from the  Federal Labour Office, the seasonally adjusted jobless rate is down by  22,000 to 2.393 million which shows a greater decline of 15,000 based on Reuters poll. The office further mentioned that unemployment percentage remained unchanged by 5.4 in February, which is the lowest level after the German reunification dated 1990.


The strong job market is expected to continue supporting the growth driven by consumption in EU’s largest economy. Hence, the growth drivers are export rebound and the surge in firm investments. Another positive sign is the forecast of seasonally adjusted employment by the International Labour Organisation, showing an expansion of  44.54 million in January.


Moreover, household expenditure was the primary source of the country’s economic growth since above-inflation wage hikes high employment rate, improved job security and reduced borrowing costs shoppers’ budget. On Wednesday, the sentiment survey from the Gfk institute further indicates an optimistic tone among buyers slightly faded away in March, implying political issues that could influence household expenses.


The consumer sentiment indicator of the Gfk is based on the poll of 2,000 Germans approximately, dropped to 10.8 points heading this month versus 11.0 last month and this was the highest level in more than a decade. The forecast this March against Reuter's consensus outlook for the index has moved lower to 10.9.


Generally, the DIHK Chambers of Industry and Commerce predicts that Germany will perform better, as it will reach 2.7 percent in 2018 which is the strongest momentum since 2011.


Comentario

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Advertencia de Riesgo:
El mercado de divisas es altamente especulativo y complejo por naturaleza, y puede no ser adecuado para todos los inversores. Las operaciones en Forex pueden resultar en ganancias o pérdidas sustanciales. Por lo tanto, no es aconsejable invertir dinero que no puede permitirse perder. Antes de utilizar los servicios ofrecidos por ForexMart, reconozca los riesgos asociados con las operaciones en Forex. Busque asesoramiento financiero independiente si es necesario. Tenga en cuenta que ni el rendimiento pasado ni los pronósticos son indicadores confiables de resultados futuros.
El mercado de divisas es altamente especulativo y complejo por naturaleza, y puede no ser adecuado para todos los inversores. Las operaciones en Forex pueden resultar en ganancias o pérdidas sustanciales. Por lo tanto, no es aconsejable invertir dinero que no puede permitirse perder. Antes de utilizar los servicios ofrecidos por ForexMart, reconozca los riesgos asociados con las operaciones en Forex. Busque asesoramiento financiero independiente si es necesario. Tenga en cuenta que ni el rendimiento pasado ni los pronósticos son indicadores confiables de resultados futuros.