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German Firms Recruit More Staff

Summary:
Ifo Employment Barometer for Germany - Results of the ifo Business Survey for September 2018 German companies continued to recruit additional staff this month. The ifo Employment Barometer edged downwards in September to 104.8 points, from 105.1 points in August. The service sector is still the main driver of employment developments in Germany. The indicator for the service sector dipped down from last month’s record high, but demand for additional staff in the sector nevertheless remains very high. The indicator also declined slightly in trade. Demand for additional staff picked up in manufacturing, mainly thanks to the mechanical engineering and electrical goods segments. Contractors are also looking for more staff, with one in five

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ifo Employment Barometer for Germany - Results of the ifo Business Survey for September 2018

German companies continued to recruit additional staff this month. The ifo Employment Barometer edged downwards in September to 104.8 points, from 105.1 points in August. The service sector is still the main driver of employment developments in Germany.

The indicator for the service sector dipped down from last month’s record high, but demand for additional staff in the sector nevertheless remains very high. The indicator also declined slightly in trade. Demand for additional staff picked up in manufacturing, mainly thanks to the mechanical engineering and electrical goods segments. Contractors are also looking for more staff, with one in five companies citing staff shortages as a production constraint. 

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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