The ECSSA State of the Industry Barometer for May 2020 shows a consolidated index of − 29.5. Compared to the last survey, this value represents a sharp decline of 32.2 points. This is also the sharpest decline in the industry climate since the introduction of the ECSSA barometer.
In the current survey, all participating countries recorded a significant decline in the business climate compared to autumn 2019. In the course of 2020, the most substantial decrease in the barometer was recorded in Spain (− 76 index points), followed by Belgium (− 56), Italy (− 44), France (− 43), Luxembourg (− 43) and Germany (− 33). Overall, fundamental uncertainty is evident in the industry regarding the economic consequences of the corona crisis. Although the crisis has not yet been overcome worldwide, specific upward trends in the business outlook for the second half of the year are discernible in individual countries.
The level of business activity of the recruitment consultancy industry requires a finely-tuned steering given the frequency and reactivity with which it is evolving. That is why the index supplied by the barometer of the European Executive Recruitment market, created by ECSSA in 2010, offers a tool that makes it possible to anticipate the industry’s short-term and mid-term developments.
This quarterly index is the result of a mathematical calculation based on the German Ifo Index integrating two quality factors:
It makes it possible to draw lessons at two levels:
For questions and comments regarding the European business climate index please contact the Secretary General of ECSSA, Jörg Murmann (email@example.com)