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German state CPI readings point to inflation climbing back above 3% in September

Well, the latest German state CPI readings are starting to paint a fairly clear picture ahead of the national report later today. The state readings released around the same time: Bavaria September CPI +3.2% vs +2.9% y/y prior Saxony September CPI +3.3% vs +2.9% y/y prior North Rhine Westphalia September CPI +3.3% vs +2.9% y/y prior Baden Wuerttemberg September CPI +2.9% vs +2.6% y/y prior The…

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German labour market softens in September as autumn pickup fails to kick into gear

Germany September unemployment change 12k vs 1k expected Prior 4k Germany September unemployment rate 6.4% vs 6.4% expected Prior 6.4% The breakdownGerman unemployment rose significantly more than expected in September as the jobless figure grew by 12,000 to 3.01 million in seasonally adjusted terms. Despite that, the jobless rate remained stable at 6.4%. The labour office notes that while the…

ForexForexLive

Germany September unemployment change 12k vs 1k expected

Germany September unemployment change 12k vs 1k expected Prior 4k Germany September unemployment rate 6.4% vs 6.4% expected Prior 6.4% The breakdownMore to follow... What does the data measure?The unemployment change tracks the monthly change in Germany's seasonally adjusted number of unemployed people, while the unemployment rate measures unemployment as a share of the labour force. Why does it…

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