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Germany has become more attractive to U.S. investors

The American Chamber of Commerce and The Boston Consulting Group (BCG) surveyed 150 U.S. investors and found out:
With 120 billion euros in investments and 850,000 direct jobs, Germany is a center of U.S. investment in Europe and has gained in attractiveness relative to Great Britain. (...) More than 30 percent of U.S. companies in Germany anticipate hiring in 2006; 44 percent want to increase investment; 72 percent view the recent change in government as positive; the automotive and pharmaceutical industries give Germany only middling grades: competitiveness must be ensured. The year 2005 was good for U.S. companies in Germany: 58 percent saw increased revenues, and 76 percent expect further growth in 2006. The AmCham Business Barometer 2005/2006 suggests cautious optimism among U.S. investors.
More about the survey, incl. criticism of the state of research and development in Germany in the BCG press release.

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kuch on :

I truly hope this is really good news... but how glowing can this report really be if it indicates that around 31% of American companies plan to hire in 2006, while 28% plan to continue cutting jobs. I think personnel costs are still at the crux of the matter....

Thomas on :

It's an improvement. It's not huge and there are many problems, but there is light at the end of tunnel... How many US companies plan to hire in 2006 in the US?

ROA on :

According to the BLS on March 10, the US unemployment rate was 4.8% so someone must be hiring. http://www.bls.gov/news.release/empsit.nr0.htm

kuch on :

This... according to Manpower, Inc.: Of the 16,000 U.S. employers surveyed, 23% anticipate an increase in hiring activity for the first quarter of 2006, while 10 percent expect to decrease staff levels. Sixty-one percent of employers surveyed foresee no change in hiring plans, while 6% are unsure of their staffing needs. I suppose one could look at this and say that 13% more US companies plan to increase jobs in 2006 (in the US) than plan to decrease jobs. I'm not really sure if it's a fair comparison to equate this to the 3% more US companies that plan to hire in Germany (as opposed to those that plan to cut jobs). Even then, there is not mention of total quantities here...

Thomas on :

Thanks for the data. Without total numbers it is difficult to draw conclusions. In addition to your assessment of 13% vs. 3% difference between hiring and firing, one could also say 31% US companies anticiapte to hire in Germany, while only 23& anticipate to hire in the US. We need total numbers.

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