KONTAN.CO.ID - BERLIN. German unemployment rose more than expected in December, data showed on Friday, adding to signs that weakness in the manufacturing sector is hurting the labour market in Europe's biggest economy. Data from the Federal Labour Office showed the number of people out of work rose by 8,000 to 2.279 million in seasonally adjusted terms. That compared with the Reuters consensus forecast for a rise of 2,000. A recession in the manufacturing sector prompted by weakening exports has dented Germany's robust labour market, which has been the backbone of a consumption-led growth cycle. It has also resulted in weaker growth.
Manufacturing weakness dents Germany's labour market
KONTAN.CO.ID - BERLIN. German unemployment rose more than expected in December, data showed on Friday, adding to signs that weakness in the manufacturing sector is hurting the labour market in Europe's biggest economy. Data from the Federal Labour Office showed the number of people out of work rose by 8,000 to 2.279 million in seasonally adjusted terms. That compared with the Reuters consensus forecast for a rise of 2,000. A recession in the manufacturing sector prompted by weakening exports has dented Germany's robust labour market, which has been the backbone of a consumption-led growth cycle. It has also resulted in weaker growth.
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