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Employment Barometer Climbs to Record High

Summary:
Ifo Employment Barometer for Germany - Results of the ifo Business Survey for September 2017 The ifo Employment Barometer climbed from 111.2 points in August to 112.3 points this month, hitting an all-time high. The willingness of German firms to recruit new staff rose to its highest level since the survey’s launch in 2002. Employment figures in Germany are expected to grow further in the months ahead as a result. In manufacturing electrical goods producers and mechanical engineering firms in particular plan to recruit more staff. Vehicle manufacturers, by contrast, remain more cautious about hiring, according to the survey results in recent months. Contractors also plan to take on additional staff, although on a slightly smaller scale than

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ifo Employment Barometer for Germany - Results of the ifo Business Survey for September 2017

The ifo Employment Barometer climbed from 111.2 points in August to 112.3 points this month, hitting an all-time high. The willingness of German firms to recruit new staff rose to its highest level since the survey’s launch in 2002. Employment figures in Germany are expected to grow further in the months ahead as a result.

In manufacturing electrical goods producers and mechanical engineering firms in particular plan to recruit more staff. Vehicle manufacturers, by contrast, remain more cautious about hiring, according to the survey results in recent months. Contractors also plan to take on additional staff, although on a slightly smaller scale than previously. In distribution the employment dynamic remains cautiously geared towards growth. After a brief reticent phase last month, service providers proved clearly more willing to recruit new staff in September. 

Clemens Fuest
Clemens Fuest took over from Hans Werner Sinn as chairman of the IFO Institute in April 2016. He is professor at the Faculty of Economics of the University of Munich.

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