German employment figures reflect gradual optimism

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German companies are gradually prepared to hire more staff, the latest ifo employment data suggest, the ifo employment index rose from 105.4 to 106.7 points month on month.

Growth has been particularly pronounced in the manufacturing and service sector, while retail companies consider cutting their workforce.

The news came as German manufacturing data suggest gradual improvement, with the Markit PMI index for Germany reaching a 2 month high of 51.2.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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