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Germany's employment barometer in manufacturing falls in Dec 2022: ifo
23 Dec '22
1 min read
Pic: Shutterstock
Germany’s employment barometer in manufacturing fell slightly in December 2022 to 0.9 points, from 1.3 points in November 2022, as per the research institution, ifo. The ifo Employment Barometer reached 99.5 points in December 2022, down from 99.6 points in November, showing that willingness among companies in Germany to hire new staff has dipped slightly.
In trade, the barometer made clear gains, reaching minus 1.5 in December 2022, from minus 5.5 in November; however, there will be no increase in employment here for the time being.
Nevertheless, the employment outlook for the first quarter of 2023 is positive, according to the ifo Employment Barometer.
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