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German companies' willingness to recruit falls slightly in June

Xinhua, June 27, 2015 Adjust font size:

German firms are less willing to recruit new staff members in June than in May, the Ifo research institute reported here on Friday.

According to the report, the Ifo employment barometer index in June falls slightly to 107.8 index points from 108.2 index points in May.

"The service sector remains the main driver behind these developments," the report noted.

Service providers remain most willing to hire extra employees, and manufacturers also intend to increase their staff base, as the barometer in manufacturing rose for the sixth consecutive month, but the employment dynamic in distribution weakened clearly in June, according to the Munich-based think tank.

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