Industry News

ECSSA Business CLimate Index - November 2024

In November 2024, the ECSSA State of the Industry Barometer decreases compared to the previous quarter. The index value of 86.4 signifies a decrease of 3.1 index points from the previous assessment period, suggesting a decline in sentiment.

Towards the end of 2024, Italy is the only country in which the index value has improved slightly. France (-11.6) is the country that recorded the most significant decline in sentiment, followed by Luxembourg (-8.6) and Belgium (-6.3). Spain (-1.1) recorded only a slight decline, while the index value for Germany (-0.4) almost stagnated.

Results of the ECSSA Barometer November 2024

ECSSA-Barometer_2024_November.pdf

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ECSSA State of the Search & Selection Industry Barometer

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:

the perception of the current situation as experienced by Recruiters
their estimation of the short-term trends.

It makes it possible to draw lessons at two levels:

the evolution of the situation of each respondent country over time,
the difference in the evolution of each ECSSA member country.

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 (info@ecssa.org)