Little Reaction of Unemployment to Buoyant Activity
Demand and output remained upward bound until late summer. While export growth lost a bit of momentum, private consumption has gained strength. Manufacturing orders from abroad are coming at a slower pace, yet production is still rising 6 percent year-on-year, with the so far lagging consumer goods catching up. Household confidence still being high the income gains from the tax reform are gradually being transformed into higher spending. Production in industry is approaching physical capacity limits, but labour supply proves very elastic. In spite of an increase in employment of 52,600 year-to-year in October, unemployment went down by only 3,000 people. Consumer price inflation has stabilized at an annual rate of just over 2½ percent.
Arbeitslosigkeit trotz guter Konjunktur kaum rückläufig; Little Reaction of Unemployment to Buoyant Activity
In order to set up a list of libraries that you have access to,
you must first login
or sign up.
Then set up a personal list of libraries from your profile page by
clicking on your user name at the top right of any screen.