IFO: German employment outlook for Q1 2023 is positive

Dhwani Mehta FXStreet

Germany’s IFO economic institute said in a statement on Wednesday, the outlook for Germany’s labor market is expected to be upbeat for the first quarter of 2023.

Key takeaways

“The latest employment barometer showed "the employment outlook for the first quarter of 2023 is positive, driven primarily by service providers.”

“Personnel service providers are also optimistic about the coming months."

Market reaction

The Euro remains pays little heed to the upbeat report, with EUR/USD keeping its range at around 1.0620, 0.10% higher on the day, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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