The German the Federal Statistics Office released its labour market data on Wednesday. The number of unemployed people in Germany declined by 27,000 in December, beating expectations for a 6,000 decline, after a 16,000 drop in November. November's figure was revised up from a 14,000 decrease.

Germany's adjusted unemployment rate fell to 6.5% in December from 6.6% in November. That was the lowest level since German reunification in 1990. Analysts had expected the unemployment rate to remain unchanged.

Employment is high in Germany and wages are increasing, while inflation is low.