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The Dutch bank ABN Amro said today that 2012 had been “a lost year” for the staffing industry in the Netherlands, with the bank predicting sales to shrink by -1.5% this year. In a new report, the finance institution warns recruiters not to expect a recovery in the next six months.
Staffing Industry Analysts forecasts a more pessimistic outlook and downgraded 2012 revenue growth in the staffing market to -5%.
Last year, revenue in the staffing industry grew by nearly +9%, the bank said, and today’s analysis puts into perspective the deteriorating market conditions felt by recruitment agencies throughout the year. Both big and small companies felt the bite in 2012 with local firms such as Randstad and USG People reporting worse trading.
But the bank said that the staffing industry should show some marginal growth next year although economic indicators remain bleak. It expects unemployment to rise to over 7% next year with GDP forecasted to increase by just 0.2% in 2013.
A business monitor by the Dutch statistics office yesterday also showed that sales in the staffing industry during the third quarter of the year fell by -2%.