The bad news out of Europe just doesn’t seem to end. Earlier today, we learned that the number people unemployed in Germany unexpectedly climbed by 2,000 in August. Economists were expecting this number to decline by 5,000. The unemployment rate in Europe’s largest economy held at 6.7%. The eurozone’s consumer confidence index fell to 100.6 in August from 102.2 in July. This was worse than the 101.5 expected by economists. All of this bad and worse-than-expected news only confirms the string of awful data recently coming out of the eurozone, where growth has grinded to zero and prices are going …read more
Source: Business Insider
