ifo Employment Barometer Falls (June 2019)
The Human Resources departments of German companies are becoming increasingly reluctant to hire new staff. The ifo Employment Barometer fell to 100.0 points in June after measuring 100.3 points in May. The number of new hires still exceed the number of layoffs.
In manufacturing, the ifo Employment Barometer continued its downward trend. Again, more companies expected to lay personnel off than to hire new staff. In trade, the recruitment drive has come to a standstill. Despite the excellent consumer mood, no new employees are to be hired for the time being. In the service sector, on the other hand, the barometer has risen again. On balance, the workforce will continue to grow. This also applies to the construction industry, even though the barometer here fell slightly.
