Germany's unemployment rate rises less than expected in September

The Federal Labor Office said that the number of unemployed people in Germany rose by 10,000 on a seasonally adjusted basis to 2.642 million in September, which is below expectations of 15,000. German Labor Minister Hubertus Heil said that “figures related to the labor market show that it remains stable at Despite the current economic environment.”

German retail sales fell by 1.2% in August. Analysts expected that retail sales in Germany would rise by 0.5% in August, and on an annual basis, retail sales fell by 2.3% in August.

  The German Statistics Office said that German import prices fell year-on-year by 16.4% in August, the largest decline since November 1986, due to the main effect arising from large price increases in 2022 as a result of the war in Ukraine.

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