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Sweden – Staffing agency slowdown easing

13 September 2013

Revenue across the Swedish staffing industries fell by -4% during the second quarter of 2013, compared with the same quarter last year, according to the Swedish Staffing Associations (Bemanningsfӧretagen). Total revenue for the industry during the second quarter of 2013 was SEK 5.2 billion (€598 million).

The rate of revenue decline was lower during Q2 2013 than in the previous quarter, raising optimism that the slowdown, on-going since the third quarter of 2012, is beginning to ease.

Staffing, the industry’s largest service area, fell by -5% during the period compared with last year, and also fell compared with the first quarter of 2013. The biggest change was in general services sector recruitment, which fell sharply by -22% during the second quarter compared with a year ago.

From an occupational perspective, sales are greatest within industry/manufacturing (25% of total sales), warehousing/logistics (17%), office/administration (15%), accounting/finance (10%) and health/medical care (7%). Compared with the same period last year, the change in the second quarter of 2013 for these areas was industry/manufacturing -8%, warehousing/logistics +6%, office/administration -13%, accounting/finance -7% and health/medical care +5 %.

Regionally, northern Sweden reported a +7% increase in revenue to SEK 484 million (€55.7 million), albeit from relatively low levels, as northern Sweden is the smallest region in terms of revenue. Northern Sweden also reported the biggest year-on-year increase during the first quarter of 2013, indicating a positive upward trend. Northern Sweden now accounts for 9% of total revenue.

The information is compiled from data from the 35 largest recruitment firms in Sweden. These 35 companies account for approximately 85% of total market share. Research from Staffing Industry Analysts predicts that the Nordic countries will be the best performing staffing markets in 2013.

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