Free Trial

PMI shows employment picking up in Germany (in contrast to France)

GERMAN DATA

In contrast to France, employment actually picked up in Germany - this is encouraging. From the press release:

"Stronger business confidence in turn acted to support the labour market in November. Flash data showed payroll numbers rising – albeit marginally – for the first time since February. The increase was driven by a modest round of hiring in the service sector, where some firms reported gearing up for potentially higher activity in the coming months. The drag from manufacturing job losses meanwhile continued to ease, with November seeing the slowest reduction in factory workforce numbers since June 2019."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.