During the third quarter of 2019, Germany's GDP registered a deceleration of 0.12 p.p. in its y/y growth rate, which stood at 0.31%. This was mainly due to the performance of internal demand. In the labor market, unemployment rate remained constant at a rate of 3.10%, while the year-over-year growth rate of employment slowed by 0.17 p.p. to 0.86 %. Inflation registered a rate of 1.47%, 0.24 p.p. below the rate registered on 2Q19. Finally, during the third quarter of 2019, the average $/€ exchange rate decreased with respect to 2Q19, by 0.02 p.p., amounting to 1.11 $/€.
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