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In September, activity levels in the Swiss temporary staffing market picked up for the first time in a year and although a distinct recovery of the industry cannot be expected, stabilisation may be on its way.
The latest data by the Swiss association of staffing agencies (Swiss Staffing) shows that recruiters saw marginal growth in temporary employment. Temporary billings last month increased by +0.4% year-on-year, following months of decline.
But the data also shows that temporary staffing has not reached a positive growth rate in 2012 with billings, on average, down -7.6% since January.
Many European staffing companies have suffered from weaker trading conditions this year. In Switzerland, April saw the biggest slump as temporary staffing dropped by -15% when compared to a year ago.
Swiss Staffing said it was not expecting a recovery quite yet although a stabilisation of the market was “possible.” Overall, the association is expecting a 2012 market decline of -5%.
Staffing Industry Analysts downgraded its own European market forecasts for 2012 in August. It is a little more optimistic than the local association anticipating the Swiss temporary staffing industry to show modest growth of +3%.
Economic indicators for the country are stable as economists do not anticipate a recession for 2013. However, Switzerland’s KOF economic institute recently downgraded its growth forecast for 2013, from 1.7% to 1.3%.