Companies plan to hire
Source: Agencies |
October 21, 2010, Thursday
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Print Edition
Print Edition
GERMAN companies are increasingly happy with their business situation and more are looking to hire workers as the economy recovers strongly, an industry group said yesterday.
Companies' view of their current business environment in particular has improved steadily over recent months, the Chambers of Industry and Commerce said.
Its latest survey of some 28,000 firms found that 38 percent now describe their situation as good, 50 as satisfactory and only 12 as bad, the group said. In the early summer, 28 percent described their situation as good, 54 as satisfactory and 18 as bad.
Germany's economy, Europe's biggest, should grow by 3.4 percent this year and 2.4 percent next year, the group said.
That is roughly in line with a forecast last week by a group of economic think-tanks, which also predicted that unemployment will fall in 2011 to a 19-year low - averaging less than 3 million for the first time since 1992.
The Chambers of Industry and Commerce underlined that view.
"Companies want to hire," said the group's leader, Martin Wansleben. "For 2011, we expect 300,000 extra employees and an average of 2.9 million unemployed."
In September, some 3.03 million people were registered as unemployed and the jobless rate stood at 7.2 percent.
Prospects of cooling global growth have generated some worries, but the survey showed that firms are becoming less cautious about investing and hiring.
Some 19 percent of those surveyed intend to hire more staff, compared with 16 percent in the summer, it found - while the number planning to increase investments climbed to 29 percent from 25 percent.
Strong exports helped Germany to growth of 2.2 percent in the second quarter over the previous three-month period.
Companies' view of their current business environment in particular has improved steadily over recent months, the Chambers of Industry and Commerce said.
Its latest survey of some 28,000 firms found that 38 percent now describe their situation as good, 50 as satisfactory and only 12 as bad, the group said. In the early summer, 28 percent described their situation as good, 54 as satisfactory and 18 as bad.
Germany's economy, Europe's biggest, should grow by 3.4 percent this year and 2.4 percent next year, the group said.
That is roughly in line with a forecast last week by a group of economic think-tanks, which also predicted that unemployment will fall in 2011 to a 19-year low - averaging less than 3 million for the first time since 1992.
The Chambers of Industry and Commerce underlined that view.
"Companies want to hire," said the group's leader, Martin Wansleben. "For 2011, we expect 300,000 extra employees and an average of 2.9 million unemployed."
In September, some 3.03 million people were registered as unemployed and the jobless rate stood at 7.2 percent.
Prospects of cooling global growth have generated some worries, but the survey showed that firms are becoming less cautious about investing and hiring.
Some 19 percent of those surveyed intend to hire more staff, compared with 16 percent in the summer, it found - while the number planning to increase investments climbed to 29 percent from 25 percent.
Strong exports helped Germany to growth of 2.2 percent in the second quarter over the previous three-month period.
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