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In the Dutch staffing industry, turnover during the third quarter of the year dropped slightly compared to a year ago due to worsening economic conditions. But employers predict a brighter fourth quarter and expect sales to pick up again.
The business monitor of the staffing industry, published by the Dutch statistics office today, found that staffing revenue in the three months to September dropped by -2% year-on-year.
The number of hours worked in the staffing industry in the quarter decreased by -3.1%. Business sentiments show that most employers believe the Dutch economy deteriorated in the period with 40% complaining of reduced demand.
Looking ahead, employers remain mainly pessimistic. One in ten expects a deterioration of the economy in the fourth quarter while over 30% believe their workforce will shrink.
However, more employers believe that sales will overall improve during the fourth quarter in the staffing industry. This is despite recent figures published by the Dutch association of employment agencies (ABU) showing that both turnover and hours declined in October.
A recovery of the Dutch staffing market is not anticipated until 2013. In August, Staffing Industry Analysts revised its market forecast for the Netherlands, down to -5% this year after the economic environment shaped up worse than expected in 2012.