Analyst Claus Vistesen from Panasonic Macro states that Germany's stable unemployment rate is good news, but given the survey data and stagnating economy, it is only a matter of time before the unemployment rate rises again. The unemployment rate was stable at 6.1% in December, below the general expectation of 6.2%, but warnings of a persistently weak labor market remain. Although the composite employment purchasing managers' index rose to a three-month high in December, it still indicates that there are downside risks for employment growth, primarily due to a weak manufacturing sector. Ironically, the risk of rising unemployment may be a positive factor in 2025, as it ensures that the economy will be a key issue in the upcoming elections, increasing the likelihood of relaxing fiscal policies.
潘森宏观:德国失业率势将再次攀升
Panasonic Macro: Germany's unemployment rate is set to rise again.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.