Bad news from Germany continue

Bad news related to the German economy just can not stop. The latter were related to industrial production and went out today. Industrial production in Europe's largest economy has seen a surprise decline in April.
Against the backdrop of the projected 0.3% rise, the indicator fell 1%.
These figures, coupled with the downgrade in factory orders in Germany earlier this week, indicate the potential problems the German economy may face.
Industrial production in the second largest European economy - the French one - also fell in April.
The euro fell after bad data from Germany and France, losing 0.2% of its value to 1.1772 against the dollar. Yesterday the single currency traded at levels above the psychological limit of 1.1800.
Other data from the eurozone also indicate a slowdown in the growth of the European economy. This may well be a factor in the ECB's next week's decision and postpone the announcement of the end-of-term of incentives from the European Central Bank.

German economy in great shape

The German economy reported a 0.6% growth in its GDP in the third quarter. This was accelerating the rise in the economy compared to the second quarter of the year. The result responded to the average market expectations.
At the same time, the growth of Italy's economy also rose to 0.5%, according to the forecast.
All this leads investors to expect that the eurozone economy will maintain its robust growth performance since the beginning of the year and in the third quarter.
The data triggered an increase of the euro against other major currencies. The single currency returned to more than 1.1700, trading on peaks at 1.1720 levels. The rise in the euro, after the results, amounted to 0.4%.
The ECB, of course, did not miss the opportunity to underline its function of the observed growth, saying that the measures taken to repurchase assets began to produce its results and was "extremely successful", according to vice-president Vitor Constanceo.
Now, investors are rising expectations that the ECB will resort to further action to normalize its monetary policy at upcoming meetings.

German unemployment dropped to record low

The labor market in Germany continues to operate at full speed in March as the unemployment rate surprisingly hit a record low of 5.8% in unexpectedly sharp decline and applications for unemployment benefits.
Applications for unemployment in Germany fell in the third month of the year by 30 000 at the expectations for a more modest decrease by 10,000 after their decline by 17,000 in February.
At the same time the unemployment rate on seasonally adjusted basis fell by 5.9% in February to a new record historic low of 5.8% - the lowest level since the reunification of Germany at the end of 1990. The number of Germans out of work fell in March to 2.556 million from 2.586 a month earlier, holding below the level of 2.7 million for the eleventh consecutive month, as before May 2016 the number had not dropped below this important level since German unification until now.
In seasonally unadjusted terms, the total number of unemployed Germans fell to 2.662 million from 2.762 million in February, while unemployment remained at the February level of 6.3%.
The labor market continues to develop positively. Employment growth continues unabated, the number of unemployed decreased significantly with the onset of spring, and the demand for labor remains strong, analysts say.