In the second quarter of 2019, the US economy registered a y/y growth rate of 2.10%, which represented a 1 p.p. deceleration over the rate of 1Q19. This behavior was mainly due to the performance of external demand, which presented a deceleration in exports. The unemployment rate decreased by 0.30 p.p., to 3.60%, while the employment growth rate decelerated by 0.33 p.p. when compared to the previous quarter, reaching a growth rate of 0.87%. Inflation stood at 1.82%, 0.19 p.p. higher than in the previous quarter. For its part, the US dollar appreciated against the euro, to an average exchange rate of 1.13 $/€.
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