The latest economic data published by the authorities on Tuesday show the economy is still in good shape. The figures reveal no sign of an impending downturn in the economy.

The authorities said the number of jobless officially rose slightly last month to 1.8 per cent (up 0.1 per cent), but only because fewer staff are needed in the hotel and restaurant and construction industries at this time of year.

If these seasonal factors are excluded, the unemployment rate actually fell by about 2.2 per cent. The main sectors taking on staff were education, research and development, textiles and clothing, and health.

The economics ministry said the number of long-term unemployed was down by 0.5 per cent.

The federal statistics office also published its twice-yearly construction price index, which shows that building has become more expensive. The office says the increase shows the sector is continuing its recovery, after years of recession in the 1990s.

Prices in the construction sector increased by two to 3.1 per cent in the period from April to October.

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