HomeEconomicStrong data heralds 'soft landing' for euro zone economy

Strong data heralds ‘soft landing’ for euro zone economy


Valentina Romei

Unemployment in the euro zone fell to a record low, while German factory output rose in November, boosting hopes that the recession in the single currency zone will be milder than expected.

Data from the European Commission’s statistics agency showed that the number of unemployed people in the labor market fell slightly in November. Eurostat reported 10.849 million workers were unemployed, 2,000 fewer than the previous month and the lowest on record. The unemployment rate was unchanged from October at 6.5%.

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