ifo Employment Barometer Rises (May 2021)

In manufacturing, the willingness of companies to hire new employees has risen steadily since its low point in May 2020. The need for new employees is particularly high in the electrical and electronics industries. In the service sector, the indicator surged. Logistics companies and IT service providers are looking for new personnel. In trade, prospects of reopening the economy are reflected in cautious optimism with regard to the hiring of new staff. There is also a slight trend toward the recruitment of additional staff in the construction industry.