ifo Employment Barometer

Companies in Germany are looking to hire less staff. The ifo Employment Barometer fell to 95.9 points in June, down from 96.3 points in May. “A lack of orders is deterring many companies from expanding their workforce,” says Klaus Wohlrabe, Head of Surveys at ifo. “If anyone, it’s service providers who are tending to hire new employees.”

The willingness among companies in Germany to hire new staff has increased slightly. The ifo Employment Barometer rose to 96.3 points in May, up from 96.0 points in April. “Demand for workers remains rather weak,” says Klaus Wohlrabe, Head of Surveys at ifo. “Those companies that are experiencing a lack of orders are also thinking about cutting jobs.”

Companies in Germany are proving more cautious in their personnel planning. The ifo Employment Barometer slipped to 96.0 points in April, down from 96.3 points in March. “A lack of orders is causing some companies to put the brakes on hiring,” says Klaus Wohlrabe, Head of Surveys at ifo. “But service providers in some industries, such as data processing and tourism, are taking people on.”