German employers do not plan to employ new workers

A small number of German companies are planning to employ new staff, according to the Ifo Institute.

This has been shown by the fact that the Ifo Institute's employment barometer in Munich dropped to 99.6 points in July, compared to 100 points in June.

<x)

The labour market in the German manufacturing sector is still weak. A number of industrial companies have announced they intend to reduce the workforce.

In business, layoffs and new jobs are relatively balanced.

Construction and service sectors plan to employ more workers, even though service providers will do less than the case so far, according to the IFO statement,