swissstaffing - Verband der Personaldienstleister der Schweiz
Swiss Staffingindex - Staff leasing sector down 5.1%
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Dübendorf (ots)
In the third quarter of 2019, the total number of working hours rendered in the staff leasing sector fell by 5.1% compared with the previous year. The Swiss Staffingindex has recorded a drop of 4.1% since the beginning of the year. This decline in the staff leasing sector is due to a slowdown in the economy as a whole. At times of low demand, incoming orders can increasingly be handled by the permanent workforce without having to bring in external staff.
A skeptical outlook
Economies across the world are currently faltering. According to the International Monetary Fund, 90% of all countries have experienced slower growth compared with the previous year. This is toxic to Switzerland's economic development, which is heavily driven by foreign trade. The Swiss National Bank is not currently able to provide much economic stimulus. Interest rates are already low, and at a time of recession, the Swiss franc should still be viewed as a safe haven by international financial investors. Both national and international political measures would therefore be desirable to moderate the impending downturn.
More statistics can be found at this link. http://ots.ch/IfSF67
Contact:
Marius Osterfeld, Economist
marius.osterfeld@swissstaffing.ch
Blandina Werren, Head of Communications
044 388 95 35
blandina.werren@swissstaffing.ch
www.swissstaffing.ch
www.temporary-work.ch