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Eurociett releases Jan 2016 agency work business indicator

Eurociett has released its Agency Work Business Indicator for January 2016.


Evolution of number of hours worked by agency workers in Europe


The end of 2015 saw a continuation of the modest year-on-year growth that we have seen for most of the year.  Germany has dipped below zero percent y-o-y growth again, while France is in fact improving, with a rather impressive peak of 9% y-o-y growth in November. That puts it in the same territory as Belgium, Finland and Italy, while the Netherlands slowed down in period 13, to its lowest growth figure for the past 19 months. Overall, this leads to a European average growth of 7,7% in November, which might be adjusted downwards as soon as German growth figures for November are in. 


Evolution of agency work sales revenues in Europe


Norway’s turnover development is further deteriorating, which makes it the clear outlier compared to all other European countries. France sees a peak in turnover growth in November, just as in its number of hours worked.  The Netherlands on the other hand show a deterioration of its turnover figures, comparable to the change in hours worked in the Netherlands.   


The Eurociett National Federation released the following country by country summary.



Solid increase of AW Activity in December - In December 2015 the number of hours worked by temporary agency workers was +1.01% higher than a month earlier (seasonally adjusted data, corrected for calendar effects). An increase was observed in the white collar segment by +1.50% and in the blue collar segment by +0.64%. In comparison with December 2014, the activity in the temporary agency work industry grew by +11.07% (compared to +10.03% in november 2015) resulting from a rise in the blue collar segment (hours worked: +9.71%) and in the white collar segment (+12.80%). 



In November (year over year and days adjusted) temporary work turnover grew by 9,0%, and hours worked improved at the same level. After 6.7% in November, with 7.7% in December, development of number of temps at work has accelerated. During the year 2015, number of temps at work has increased by 3%. In the detail, Eastern regions have raised above the average : Lorraine: 9,8%; Champagne-Ardenne: 15,7%; Alsace: 20,4% et Franche Comté: 25,5%. 



In period 13 (week 49 – 53) the total amount of hours increased 4% and turnover grew 5%, in comparison to the same period last year. The figures are strongly influenced by the number of workable days in period 13. This period had no less five workable days more compared to the same period in 2014. For this a correction was applied.


The administrative sector increased 5% in hours and also turnover grew 5% in comparison to the same period in 2014. 


Hours in the industrial sector increased 1% and turnover increased 2% compared to the same period last year. 


Furthermore, the amount of worked hours in the technical sector increased 12% and turnover increased 10%.  


The temporary agency work sector increased in 2015 in comparison with 2014. On average, the total amount of hours increased 10% in 2015, total turnover showed an increase of 11%. The year 2015 had three workable days more than 2014, for this fact a correction was applied.


The administrative sector increased 9% in hours, turnover increased with 10% in comparison with 2014. 

The industrial sector accomplished an increase of 8% in hours and turnover increased 9% in comparison with 2014. 


An increase of 20% in hours and 17% in turnover was established by the technical sector. 



The Norwegian agency work market is declining for the 11th consecutive quarter and the yearly development is the worst seen since the financial crisis (2009). A cooling Norwegian economy is the main reason for the decline. Drop in oil prices affect the market for the Norwegian agency work industry. Unemployment is now slightly growing. Several work areas are now facing heavy decline. Here are some examples: Office/administration (-28,1%), Engineering (-13%), Manufacturing (-13,3%) and Construction work (-14,3%).  



Temp billings growth eases slightly - Agencies’ billings from the employment of temporary/contract staff rose further in December. The rate of expansion eased slightly from November’s five-month high, but remained marked overall. Anecdotal evidence from the survey panel linked higher temp billings to rising activity levels at client companies. Growth of short-term appointments was strongest in the Midlands during December, while London-based agencies noted the weakest rise

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