The ifo Employment Barometer, which has been tracking employment trends since January 2002, shows data for Germany with the index set at 100 in 2015, seasonally adjusted. Manufacturing hit -13.6 per cent on the barometer in December from -12.4 in November.
Despite a rise in the barometer for trade from -9.4 in November to -7.6 in December, the likelihood of new hires remained low, ifo said in a press release.
“At the moment, service providers in particular are looking for new staff,” said Klaus Wohlrabe, head of surveys at ifo. “In manufacturing, however, a lack of orders is leading companies to be rather cautious.”
ALCHEMPro News Desk (KD)
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