German Unemployment Rises Beyond Expectation CPI Rises 2 0 In October
The number of unemployed people in Germany rose 20,000 to 2.94 million, double the figure economists expected. This number is expected to rise and is a possible sign of the Euro weakening. This figure, whilst seemingly negligible, has an especially large impact since Germany is the biggest economy in the Euro-zone and its effects are felt throughout the Euro-zone as whole.
Today we also saw that Consumer Price Index in Germany rose, as economists predicted, to 2.0% in October. As we said previously, this figure is the official consumer price inflation rate and the more it increases the less we can buy with our currency.
These two news items together are putting the Euro's strength at risk, despite the ECB's best efforts to secure the Euro.
|German Unemployment rises beyond expectation CPI rises 2 0 in October page created by victor derma|