.2% in the previous quarter. This acceleration was driven by Germany (where GDP grew by +1.5%), France (+1.0%) and the United Kingdom, where the economy expanded by +0.5% after a -0.5% contraction in the previous
sectors in France, taking the overall rate of expansion down to an eight-month low.
Elsewhere in the Eurozone, outside of France and Germany, output fell for the first time since November 2009. The rate
falling for the first time since August 2009. In both cases, the declines contrast markedly with strong rates of growth in early-2011.
Output growth slowed to near-stagnation in both Germany and France
if the economy is subdued, “it will take 10 or 15 years” before France sees the same level of demand for staffing agency services experienced in the UK.
Nick Cox from Hays highlighted the structural growth
the division's net fee income to £36.7m in 2006 and expanding out of the UK into Holland, Germany and France. Since that time he has advised various recruitment companies on a consultancy basis, most recently
observed elsewhere in European countries such as France, Switzerland and the Netherlands.
The latest seasonally adjusted statistics by the Belgian federation of employment agencies, Federgon, also show
Last month, the firm reported stronger than expected first-quarter results amounting to €5.03 billion although with slowing activity in its European market impacted in particular by France where
-on-quarter, the slowest increase in over two years. In France and the Netherlands employment remained flat while in the UK the number of people with a job rose by +0.7%.
Italy also registered an increase (+0