IPMERC Futures
Construction trades, Germany.
2026-Q3
Nothing published so far says whether hiring here is getting harder or easier.
Confidence none3 signals, 1 measured here3 papers1 sources3 quarters back
Below the floor. No direction is shown.
The five readings
Movement is how the measurement shifted between two periods. Level is where it sits against a named benchmark. Plus always means harder to hire.
Demandmovement -level +0.44weight 0.56
Costmovement +0.79level -weight 0.22
Structuremovement -level +0.18weight 0.36
Every signal, with its weight
Source times age times distance gives the weight. A figure borrowed from a wider market still counts, but it never overrules one measured here.
Demand
German construction vacancy rate 3.9%Eurostat, 2025-Q21.00 × 0.56 × 1.00 = 0.561
Cost
labour costs up 23.1% in four yearsEurostat, 2025-Q2, borrowed1.00 × 0.56 × 0.40 = 0.224
Structure
24% of German workers are 55 to 64, against 20.5% in the EUEurostat, 2025, borrowed1.00 × 0.90 × 0.40 = 0.361
What is missing
No published figure touches supply, friction for this market.