linked to disappointing sales.
The rate of expansion slowed sharply in Germany, easing for the fourth month from January's four-and-a-half-year high, while a more modest slowing was seen in France from
for the first time since last September.
Rates of growth eased in all of the nations where PMI data for both manufacturing and services are available. The expansion also remained two-speed, with France
%), the Czech Republic and Luxembourg (both 10%).
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), 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
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
-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
In August, the company’s second-quarter revenue increased marginally by +1% as business operations in Europe remained challenging, particularly in its largest single market France, with demand also slowing