Eurozone: Expect a further decrease in unemployment rate in April to 9.4% - Danske Bank

According to the research team at Danske Bank, the euro-area unemployment figures are likely to show that the labour market continued to strengthen in April.

Key Quotes

“We observed an unemployment rate of 9.5% in March and we expect a further decrease in April to 9.4%. Note that despite the falling unemployment, we still see few signs of wage growth picking up to support higher inflation. Note that the German unemployment rate is due for release an hour in advance of the euro-area figure.”

“In Germany, we get retail sales for April. In March, retail sales increased 0.1% m/m following the 1.1% monthly increase in February. We estimate another monthly increase for April of 0.4%, as Easter is likely to have boosted retail sales in April.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.