Eurozone Unemployment rate dropped to 7.6% in April, down from 7.7% and beat expectation of 7.7%. That’s also the lowest rate recorded since August 2008. EU 28 unemployment rate was unchanged at 6.4% in April.
Among the Member States, the lowest unemployment rates in April 2019 were recorded in Czechia (2.1%), Germany (3.2%) and the Netherlands (3.3%). The highest unemployment rates were observed in Greece (18.5% in February 2019), Spain (13.8%) and Italy (10.2%).
Eurozone CPI slowed to 1.2% yoy in May, down from 1.7% yoy and missed expectation of 0.9% yoy. Core CPI dropped to 0.8% yoy, down from 1.3% yoy and missed expectation of 0.9% yoy. Looking at the components, energy is expected to have the highest annual rate in May (3.8%, compared with 5.3% in April), followed by food, alcohol & tobacco (1.6%, compared with 1.5% in April), services (1.1%, compared with 1.9% in April) and non-energy industrial goods (0.3%, compared with 0.2% in April).
