ifo Employment Barometer Continues to Rise (September 2020)
More and more German companies are planning to hire new recruits. The ifo Employment Barometer climbed to 96.3 points in September after measuring 95.4 points in August. The economy is recovering and this development is increasingly reflected in employment.
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In manufacturing, the ifo barometer continued its upward trend. Overall, however, companies are still laying off more people than they are hiring. Service providers, particularly in IT, are planning to hire more staff. In trade, the barometer made a significant leap upward. In construction, too, companies are now planning to expand their workforce.
ifo Employment Barometer Germany
(Index, 2015 = 100, seasonally adjusted)
| 09/19 | 10/19 | 11/19 | 12/19 | 01/20 | 02/20 | 03/20 | 04/20 | 05/20 | 06/20 | 07/20 | 08/20 | 09/20 | |
| Barometer |
Source: ifo Business Survey.
© ifo Institute
ifo Employment Barometer by Sector
(Balances, seasonally adjusted)
| 09/19 | 10/19 | 11/19 | 12/19 | 01/20 | 02/20 | 03/20 | 04/20 | 05/20 | 06/20 | 07/20 | 08/20 | 09/20 | |
| Manufacturing | |||||||||||||
| Service Sector | |||||||||||||
| Trade | |||||||||||||
| Construction |
Source: ifo Business Survey.
© ifo Institute
