"Although the global recovery has gained momentum, it has virtually passed Europe by. The only bright spots are Germany and Sweden and it is exports to these countries that are driving
, Germany and Sweden show a strong growth in labour demand. This trend is less pronounced in Latvia, Cyprus, Romania, Bulgaria, Slovakia, Netherlands, Slovenia, Czech Republic and Greece.
Growth in labour
was up by +38.8% in Germany, up by +30.2% in Italy, up by +23.9% in Switzerland, up by +18.5% in France and up by +12.3% in Belgium.
In Poland and Norway, where figures are reported on a quarterly basis
linked to disappointing sales.
The rate of expansion slowed sharply in Germany, easing for the fourth month from January's four-and-a-half-year high, while a more modest slowing was seen in France from
are actually alive."
In view of further bailout funds from the EU and the IMF, the Head of a business lobby in Germany's ruling CDU party, Kurt Lauk, commented to business daily Handelsblatt "
of expansion across both sectors slowed in both Germany and France, dropping especially sharply in the former. Germany saw the weakest rate of growth in two years, while French growth was the slowest since