During the first quarter of 2019, Germany's GDP accelerated by 0.05 p.p. in its year-over-year growth rate, to 0.69%. This was mainly due to the performance of external demand, boosted by the higher growth in exports. In the labor market, unemployment rate fell by 0.10 p.p. to 3.20%, while the year-over-year growth rate of employment slowed by 0.11 p.p. to 1.07%. Inflation registered a rate of 1.37%, 0.62 p.p. below the rate registered on 4Q18. Finally, the euro kept at the same level against the US dollar, reaching an exchange rate of 1.14 $/€, which was the same exchange rate than the registered in 4Q18.
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