Despite the positive momentum across most sectors, the manufacturing and trade industries present a contrasting picture. Manufacturing companies, along with the trade sector, anticipate a reduction in their workforce. This trend underscores the sector-specific challenges that persist even as the broader economic outlook appears to brighten.
However, there is a silver lining for the trade sector. The anticipation of rising real wages offers a glimmer of hope for a resurgence in consumer spending. Retailers, in particular, are optimistic that this potential increase in consumption could positively influence their staffing plans, suggesting a cautious yet hopeful outlook for the near future, as per ifo.
ALCHEMPro News Desk (DP)
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