(MENAFN)
IFO institute in Germany announced on Friday that the IFO employment barometere has declined to 93.4 points in the current month of march from an earlier figure of 98 points.
The figure showed the biggest monthly loss in the IFO employment barometer since the data started to be collected back in 2002, and it came in at the lowest figure since January of 2010, the IFO said that companies in Germany stopped hiring new workers.
The trade industry in Germany saw its employmeny index decline to -8 points, and the important manufacturing industry in the country continued its decline trend that began in November of the earlier year to set at a total of -18.3 points this month.
Only Germany's construction companies had made no changes to their staff and the index had merely seen a small drop. Ifo noted, however, that layoffs in the construction industry had already been planned before the coronavirus crisis.
The construction firms in Germany were the only ones who saw no changed in staff and the employment index for them only slightly dropped, the Ifo said that the layoffs in the sector have been already planned before the outbreak of the coronavirus.
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