. Spain’s economy meanwhile contracted by -1.9% in the period.
The staffing markets in France and Belgium have also been hit by weak client demand with the statistics showing that GDP fell by -0.3% and -0
structure… Adecco [has also] favoured profitability over revenues by giving up loss-making contracts."
Pressure on organic growth persists in France, a key market for a number of rated B2B services
a visa after the two countries joined the bloc. However, nine of the 26 other member states imposed temporary restrictions on the kind of jobs they could take. France, the Netherlands, and Belgium required
, down from €129.8 million last year.
In Belgium, General Staffing revenue rose by +6% on an organic basis to €84.1 million, up from €79.1 million in Q1 2013. France reported organic revenue growth of +2
Sentiment has weakened in all EU countries for which services data are available with the exception of Ireland, which posts the highest optimism. Companies in France and Italy remain notably more upbeat than
.5% in services.
*EA16 consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.