4% YoY growth in European agency work
Eurociett has released its latest agency work business indicator.
The indicator found that, after a little peak in November, year-on-year growth was back to moderate growth in December at 4% YoY. Norway, Switzerland and Austria are performing below the European average, according to the indicator. The Netherlands had a slow month in December but bounced back in January to a solid 15% YoY growth. Finland has also improved, after several months of near-zero growth it showed 12.3% YoY growth in December.
Turnover developments follow those for hours worked, although Norway’s turnover declines slower than the number of hours worked. In the Netherlands, the same dip in December and revival in January can be seen as regarding the number of hours worked.
In Belgium, during 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 December, in France, temporary work turnover increased by 6.5%. In the same time, number of hours worked were up by 7.5%. During the year 2015, improvement reached respectively 4.3% and 4.1%. In January, number of temps at work has improved 6.5%, after a growth of 7.7% in December. In the geographic detail, temporary employment growth has been particularly robust in Eastern area: Alsace (21.6%), Franche-Comté (21.5%) and Lorraine (10.5%) and also in Western area: Pays de la Loire (13.3%) and Bretagne (10.0%).
For the Netherlands, in period one (weeks one – four) the total amount of hours increased 15% and turnover grew 16%, in comparison to the same period last year. This period had one workable day more compared to the same period last year, for this a correction was applied. The administrative sector increased 17% in hours and turnover grew 14% in comparison to the same period in 2015. Hours in the industrial sector increased 14% and turnover increased 16% compared to the same period last year. Furthermore, the amount of worked hours in the technical sector increased 15% and turnover increased 20%.
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. According to Eurociett, several work areas are now facing heavy decline.
Temp billings growth eases to a four-month low in the UK. Agencies’ billings from the employment of temporary/contract staff continued to rise in January. That said, the rate of growth moderated to the least marked since September 2015. All four monitored English regions saw higher short-term staff billings in the latest survey period, with the Midlands posting comfortably the strongest rate of expansion.