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12/5/07

FT.com - German service sector set for growth in 2008- by Hugh Williamson

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German service sector set for growth in 2008 - by Hugh Williamson

Germany's service sector ex-pects to create 200,000 new jobs next year, but small and medium-sized companies are more wary of economic prospects, according to two surveys published yesterday. The mixed sentiments reflect the strong performance of Europe's biggest economy this year but also concern over possible falls in domestic demand and higher energy prices. Employment in business-related services such as temporary work agencies, consultancies and information technology companies is set to expand next year by about 200,000, according to Martin Wansleben, director of the DIHK national chambers of commerce, based on the organisation's latest service economy survey.

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