Mediafax (Mediafax)
Markets  |  July 28, 2012 09:14:24

German statisticians publish data on the July unemployment rates


BERLIN (MEDIAFAX) - Federal Statistical Office Destatis published on Tuesday, July preliminary data on the development of unemployment in Germany. She fell in June to 6.6 percent from 6.7 percent in May, but unemployment decline slowed.

The number of jobless fell by mom about 46 thousand to 2.809 million. "The German labor market in June there were signs of weaker development. Number of unemployed fell less than usual in June," he said after the publication of the June data Destatisu boss Frank-Jürgen Weise.

According to seasonally adjusted data, in Germany the number of jobless in June 7000 rose to 2.882 million. The unemployment rate remained unchanged at 6.8 percent in May.

"The unemployment rate will remain stagnant at 6.6 percent. And now that German industry is not easy. Orders are declining. Today we are still working on existing contracts. But I wonder if in Germany we have had a slight redundancy in the industry," he told Agency financial markets analyst Mediafax Next Finance Martin Prokop.

German economy in the first quarter of this year rose by 0.5 percent QoQ and 1.7 percent year on year. In the last quarter of German gross domestic product (GDP) dropped by 0.2 percent quarter on quarter. Europe's largest economy and its performance in the first quarter of this year off the threat of recession.

Germany is Europe's largest economy and is dependent upon it, many Czech companies. Germany's gross domestic product last year rose by three percent and equal to slightly decelerated from 3.7 percent in 2010.

Tomáš Králíček, kralicek@mediafax.cz

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