The Federal Labour Agency released its unemployment figures for Germany on Tuesday. The number of unemployed people in Germany fell by 20,000 in January, exceeding expectations for a 7,000 decline, after a 16,000 decrease in December. December's figure was revised up from a 13,000 decline.

The unemployment rate declined to 6.2% in January from 6.3% in December. Analysts had expected the unemployment rate to remain unchanged at 6.3%.

The number of unemployed people was 1.91 million in December, according to Destatis.

Destatis said that Germany's adjusted unemployment rate remained unchanged at 4.5% in December.

The employment rate fell to 65.6% in December from 65.9% in November, according to Destatis.