FRANKFURT, Germany — The unemployment rate in the 19 European Union countries that use the euro fell to its lowest in more than a decade in May as domestic demand and low interest rates help keep the recovery going. Export-dependent manufacturing has suffered due to the trade conflict between the U.S. and China. But domestic demand has held up, and the economy is further supported by record low interest rates set by the European Central Bank. Weakening indicators and slack inflation have led the ECB to signal more stimulus may be coming. This material may not be published, broadcast, rewritten or redistributed.

Source: Washington Post July 01, 2019 10:07 UTC