- Johannes Gareis
The number of unemployed people in Germany continued to decline in April reaching a historic 25 years low despite the refugee crisis. The number of unemployed people in Germany dropped from March to April by 101,000 to 2.7 million, marking a 25 years' low. The unemployment rate remained at the record-low level of 6.2%. Meanwhile, a separate report showed price growth in Germany decelerated more than expected in April. Inflation in the Euro zone's powerhouse climbed 0.1% year-on-year in April, down from the 0.3% growth seen in March, according to the Federal Statistics Office. On a monthly basis, the measure trashed 0.2% in the reported month, down from the 0.8% rise recorded previously. The Harmonized Index of Consumer Prices showed inflation dropping 0.1% year-on-year, compared with March's 0.1% rise.
Separately, the Euro zone's business climate improved less than expected in April. The European Commission's Business Climate Index climbed to 0.13 in the reported month, compared with an upwardly revised 0.12 in March. At the same time, the economic sentiment in the Euro bloc increased to 103.9 in April, up from 103.0 registered in March.
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