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Germany ZEW -12.3 (consensus -14.4) in Aug-23

- Germany ZEW indicator for August 2023 improves to -12.3, exceeding consensus expectations.
- Despite the improvement, the indicator remains below the long-run average, indicating ongoing concerns about future economic growth.

Germany unemployment rate 5.6% (consensus 5.7) in Jul-23

- Germany's unemployment rate in July 2023 stood at 5.6%, indicating a decline compared to the previous rate and reaching the lowest level since February 2023.
- Although slightly above the one-year average, the unemployment rate remains significantly below the long-run average, suggesting a positive labor market situation in Germany.

Germany GDP growth 0.0% q-o-q (consensus 0.1%) in Q2-23

- Germany's GDP growth showed no change in the second quarter of 2023, marking the highest growth rate since Q3-22 but falling short of expectations for 0.1% growth.
- Although the growth rate is slightly above the one-year average, it falls short of the long-run average, indicating room for further improvement.

Germany HICP inflation 6.47% y-o-y (consensus 6.6) in Jul-23

- Germany's HICP inflation for July 2023 was lower than anticipated at 6.47%, indicating a slight moderation in price growth.
- This figure represents the lowest inflation growth since May 2023 and is 2.32 percentage points below the one-year average.