German unemployment figures much better than expected in January
German unemployment fell more than expected on the seasonally-adjusted basis in January.
It had been in the lowest level in almost annually, using the number of individuals unemployed down by 28,000 to 2.927 million.
The German jobless rate held steady at 6.8 percent – again adjusted for seasonal factors.
Economists said mild winter months was a likely factor.
Germany’s central bank is predicting the economy may increase “strongly” within the coming weeks.
The Ifo index of business confidence recently hit its highest-level in two and half years.
Berlin is counting on German domestic demand to keep to prop-up economic growth this season as weakness in the global economy weighs on exports.