Article in Journal

Service Sector: Employment Outlook is Excellent


ifo Institut, München, 2015

in: ifo Konjunkturperspektiven, 2015, 42, Nr. 11, 23-26

Survey participants in the service sector have never been as optimistic about their business outlook as they are at present. The current business situation is also extremely favourable. This meant that the new record set by the business climate indicator just last month was broken in November. Personnel plans have also never previously been as clearly growth-oriented as they are this month. Investment activity this year has also proven higher than companies expected in May. This activity will increase in 2016, mainly thanks to investment in construction.

JEL Classification: L800

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ifo Institut, München, 2015