In October 2023, the ECSSA State of the Industry Barometer unveiled a consolidated index of 89.9, indicating an overarching pessimism prevailing throughout Europe. This figure represents a significant 4.4 index point drop compared to the previous quarter, continuing the downward trend in the European market.
“These findings underscore the nuanced challenges and opportunities that define the multifaceted nature of the European Search and Selection Market,” remarks Valerie Schena Ehrenberger, President of ECSSA. "The decline observed in certain European countries indicates possible hurdles and uncertainties, emphasizing the need for industry participants to proceed with prudence in the current market environment.”
Currently, the ECSSA barometer stands at an index value of 89.9.
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:
Note: The index values since October 2023 are standardised to the average for 2019. An index value of 100 means that the current business
climate index, i.e. the mood in consulting, is at exactly the same level as in 2019.
For questions and comments regarding the European business climate index please contact the Secretary General of ECSSA, Jörg Murmann (firstname.lastname@example.org)
In September 2019, the ECSSA Barometer stands at a value of 2.6
In December 2021, the ECSSA Barometer stands at a value of 21.4
In May 2020, the ECSSA Barometer stands at a value of -21.5
In November 2022, the ECSSA Barometer stands at a value of 12.3
In May 2021, the ECSSA Barometer stands at a value of 3.9
In Sptember 2019, the ECSSA Barometer stands at a value of 2.7