XE Market Analysis: German Unemployment Rate Falls to A Record Low

OVERVIEW

  • US consumer spending rises modestly while inflation picks up.
  • UK 2017 GDP growth revised up, current account deficit revised down.
  • Canadian GDP unexpectedly declined in January.

HIGHLIGHT

Unemployment in Germany fell to a record low in March, reflecting the strength of a labor market that has become the cornerstone of a consumer-led upswing. The unemployment rate dropped to 5.3% in March, from 5.4% the previous month, the lowest level since German reunification in 1990.