In the first quarter of 2019, the US economy registered a y/y growth rate of 3.10%, which represented a 0.90 p.p. acceleration over the rate of 4Q18. This behavior was mainly due to the performance of external demand, following a higher growth of exports. The unemployment rate increased by 0.10 p.p., to 3.90%, while the employment growth rate decelerated by 0.65 p.p. when compared to the previous quarter, reaching a growth rate of 1.20%. Inflation stood at 1.63%, 0.58 p.p. lower than in the previous quarter. For its part, the US dollar kept steady against the euro, at an average exchange rate of 1.14 $/€.
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