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ifo Employment Barometer Hits New Record High

Summary:
Ifo Employment Barometer for Germany - Results of the ifo Business Survey for November 2017 German companies are desperately seeking new staff. The ifo Employment Barometer rose by 112.0 points in October to 113.2 points in November, reaching its highest ever level. The barometer hit a new record in manufacturing. Mechanical engineering firms and electrical goods manufacturers in particular are seeking new workers. In distribution companies reported a greater willingness than ever to recruit staff. The number of employees is expected to rise in both in retailing and wholesaling. The employment dynamic also remains positive for service providers. A similar picture emerged in construction, with contractors also citing difficulties in filling

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

German companies are desperately seeking new staff. The ifo Employment Barometer rose by 112.0 points in October to 113.2 points in November, reaching its highest ever level.

The barometer hit a new record in manufacturing. Mechanical engineering firms and electrical goods manufacturers in particular are seeking new workers. In distribution companies reported a greater willingness than ever to recruit staff. The number of employees is expected to rise in both in retailing and wholesaling. The employment dynamic also remains positive for service providers. A similar picture emerged in construction, with contractors also citing difficulties in filling vacant positions.  

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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