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German companies' willingness to recruit rises slightly in May

Xinhua, May 26, 2015 Adjust font size:

German firms are a little bit more willing to recruit new staff members in May than in April, the Ifo research institute reported on Tuesday.

According to the report, the Ifo employment barometer index in May rises slightly in May to 108.2 index points from 108.1 index points, which was the highest value since March 2012.

"The greatest willingness to hire more employees is among companies in the service sector," the report noted.

In manufacturing, firms plan to hire more employees despite a worsening business expectations. Others in the sector of retailing will also take on additional people due to high consumer sentiment, the Munich-based think tank said in its report.

In contrast, no major new hires are expected here at the moment in wholesaling and the construction industry.

Ifo is one of Europe's leading research institutes. Its business climate index is considered among the most important barometers for the German economy. Endit