Thu, 27 Jun 2013 10:08:14 GMT
German unemployment beats expectations
Unemployment rate in Germany unexpectedly decreased in June, showing signs of recovery in Europe's biggest economy. The number of unemployed people decreased 12,000 and now stands at 12.94 million, while economists expected an increase of 8,000. Jobless rate in Germany is 6.8%. Ifo institute's gauge of business confidence and ZEW's investor expectation index showed an increase.