Germany's unemployment declined in December despite the government tightening the coronavirus containment measures, data released by the Federal Labor Agency showed Tuesday.
Another official data revealed that retail sales growth slowed less than expected in November driven by non-food sector retailing.
The number of people out of work fell 37,000 from November, confounding expectations for an increase of 10,000. Unemployment had decreased by 40,000 in November. The unemployment rate remained unchanged at 6.1 percent in December, as expected.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.