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German Companies Seek to Hire More Staff

Summary:
Ifo Employment Barometer for Germany - Results of the ifo Business Survey for April 2017 German companies were far more eager to recruit additional staff in April, after declines in the two preceding months. The ifo Employment Barometer rose to 111.3 points in April from 109.4 points last month. The German labour market remains very buoyant. After last month’s decreases, the barometer rose in all four sectors in April. The most significant increase was seen in the service sector. After a brief respite last month, the recruitment dynamic regained impetus in construction and manufacturing too. Distributors are also hiring additional staff to accommodate strong consumer spending.

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

German companies were far more eager to recruit additional staff in April, after declines in the two preceding months. The ifo Employment Barometer rose to 111.3 points in April from 109.4 points last month. The German labour market remains very buoyant.

After last month’s decreases, the barometer rose in all four sectors in April. The most significant increase was seen in the service sector. After a brief respite last month, the recruitment dynamic regained impetus in construction and manufacturing too. Distributors are also hiring additional staff to accommodate strong consumer spending. 

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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