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Europe — Listed Western European staffing firms grow 11% in August and outperform the FTSE Euro 300

11 September 2009
The Western European Staffing Industry Share Index (WE SISI) produced by Staffing Industry Analysts showed very healthily growth in August. The Index which follows the fortunes of forty five listed European staffing shares with a combined market cap of £33.44bn grew by a median 11% last month and 47% overall during the year.

Adam Pode SIA's European Head of Research said: "The market seems to believe despite some quite poor Q2 results that the European economy is turning the corner and that temporary staffing is about to pick up".

The level of growth is beyond that of staffing firms in the US who saw an increase of 7% in August but still lags the yearly US increase of 55%. The Index however outperformed the Benchmark FTSE Euro 300 by just over 15%.

The separate staffing technology index whose members provide technology related recruitment services such as Software and Job Boards rose by nearly 8% in August and nearly 28% overall for the year.

Members of Staffing Industry Analyst's Western European research services may get a full copy of the report by following this link

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