Italy's unemployment rate came in at 5.1% in April, down from 5.2% in March, provisional data from national statistics agency Istat showed Friday.
The latest reading compares with the consensus estimate of 5.3%.
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Spanish Current Account Surplus Rises in March
Spain's current account surplus increased to 4.61 billion euros in March from 4.04 billion euros in February, according to Bank of Spain data published Friday.In the three months to March, the current account surplus totaled 11.38 billion euros, against 9.90 billion euros a year earlier.
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International
German Unemployment Rate Eases to 6.3% in May
Germany's seasonally adjusted unemployment rate declined to 6.3% in May from 6.4% in April, according to government data published Friday.The reading is below the consensus forecast of 6.4% for the month.Meanwhile, the number of unemployed individuals in Germany fell by 12,000 in May, against the revised 19,000 increase earlier and the expected jump of 11,000, according to Investing.com data.
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International
Ifo: Fewer Companies Plan Price Hikes in May Amid Persistent Cost Pressures
The number of German companies planning to increase prices "somewhat" eased in May, even as producer and consumer prices are anticipated to "rise significantly" in the months ahead, the ifo Institute said Friday.Month over month, the indicator for price expectations edged down to 30.3 points from 31.3 points in April, with the level still considered "high." The indicator monitors the percentage of companies that plan to hike prices on balance.Sector-wise, price pressures eased in manufacturing, services and trade, with energy-intensive companies experiencing the most significant drop. Meanwhile, non-energy-intensive companies saw price expectations tick up.
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