During the third quarter of 2018, Germany's GDP slowed by 0.79 p.p. in its year-over-year growth rate, to 1.16%. This was mainly due to the behavior of external demand, after a deceleration of net exports, despite the increase of domestic demand. In the labour market, the unemployment rate fell by 0.14 p.p. to 3.33%, while the year-over-year growth rate of employment slowed by 0.03 p.p. to 1.20%. Inflation was 2.10%, up 0.14 p.p. from 2Q18. Finally, the euro depreciated against the US dollar by 0.03 dollars per euro compared to the previous quarter, to an average exchange rate of 1.16 $/€ in the third quarter of the year.
For more information, click here to access the executive document in pdf.
© GMS Management Solutions, S.L., 2019. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.