Ger­man firms re­luc­tant to re­cruit, says Ifo

Financial Mirror (Cyprus) - - FRONT PAGE -

Only iso­lated Ger­man com­pa­nies plan to re­cruit more staff, ac­cord­ing to the Ifo Em­ploy­ment Barom­e­ter that fell to 105.4 in­dex points in Novem­ber, after 106.9 points in Oc­to­ber and 107.9 in Novem­ber last year. For the mo­ment there is only a slightly pos­i­tive em­ploy­ment dy­namic.

In man­u­fac­tur­ing, the em­ploy­ment barom­e­ter re­mained con­stant at a low level. Like last month, noth­ing points to an up­turn in em­ploy­ment in the fu­ture.

In dis­tri­bu­tion there is no net in­crease in the staff base at present. Con­struc­tion firms con­tinue to re­cruit new staff, although to a some­what lesser de­gree than last month. Will­ing­ness to re­cruit in the ser­vice sec­tor fell to its low­est level since Oc­to­ber 2013, but re­mains pos­i­tive.

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