Financial and business services

Financial and business services

Turnover generated by temp agencies increased by 1.0 percent in Q3 2017.

The total number of temp hours increased by 4.2 percent, the highest increase since Q2 2007.

Turnover generated by temp employment agencies grew by 1.1 percent

Turnover generated by temp employment agencies grew by 3.5 percent in Q4 relative to the preceding quarter.

Both turnover and hours worked in temp jobs increased in the third quarter of 2016.

On 22 September 2016 CBS and the city of Eindhoven launched the Urban Data Center/Eindhoven

The total number of hours worked in temp jobs increased by 2.9 percent in the second quarter of 2016.

The total number of hours worked in temp jobs decreased by 1.5 percent in the first quarter of 2016

According to Statistics Netherlands, the total number of hours worked in temp jobs increased by 3.6 percent in Q4 2015 relative to Q3. This is the most substantial increase in five years.

According to Statistics Netherlands (CBS), the total amount of hours worked in temp jobs increased by 2.5 percent in the third quarter relative to the second quarter of 2015. This increase is somewhat smaller than in the preceding quarter. The amount of hours worked in temp jobs has increased for two and a half years now.

The total number of hours worked in temp jobs increased by 3.2 percent in the second quarter on the first quarter of 2015. According to Statistics Netherlands, this is the most substantial increase in almost five years.

The total number of hours worked in temp jobs increased was 1.1 percent higher in the first quarter of 2015 than in the fourth quarter of 2014. According to Statistics Netherlands, the total number of hours worked has been increasing for two years now

Dutch consumers had their hair done less often or opted for cheaper hairdressers, products or treatment in the third quarter than in the previous quarter. This is the third quarter in a row that this trend has been observed.

The total amount of hours worked in temp jobs increased by 2.5 percent in the third quarter relative to the second quarter, the most substantial increase in four years.

Adjusted for seasonal variation, the total amount of hours worked in temp jobs increased by 0.8 percent in the second quarter of 2014 relative to the preceding quarter.

Adjusted for seasonal variation, the total amount of hours worked in temp jobs increased by 0.7 percent in the first quarter of 2014 relative to the preceding quarter. The number of hours worked in temp jobs increased for the fourth consecutive quarter.

Turnover generated by publishing houses in the fourth quarter of 2013 was considerably down from one year previously. The 2013 annual turnover was also far below the level of 2012. The number of bankruptcies was nearly twice as high in 2013 as in 2012.

The amount of hours worked in temp jobs increased in the fourth quarter of 2013 relative to the third quarter. The number of hours worked on secondment basis also grew.

In the fourth quarter of 2013, the amount of hours worked in stage A temp jobs was 1.6 percent up from the preceding quarter. In the third quarter, the amount of hours worked in stage A temp jobs grew for the first time after two years of almost continuous decline.

Turnover generated by the telecom sector has fallen almost continuously in recent years. At the same time, fewer text messages are sent and the use of mobile internet is growing.

Turnover in the business services sector was smaller in the third quarter of 2013 than twelve months previously; the slight increase in turnover measured in the second quarter was unable to continue. The number of job vacancies in the sector was just as low as in the second quarter, and the number of bankruptcies remained high. Business services providers were less pessimistic than earlier in the year, and also less pessimistic about the fourth quarter of 2013.

Turnover generated by the security and investigation branch in the third quarter of 2013 was down from the same period last year. Turnover declined for the second consecutive quarter.

In the third quarter of 2013, the amount of hours worked in stage A temp jobs was 0.5 percent up from the sector quarter. The modest increase follows five consecutive quarters of decline.

Turnover generated by providers of business services in the second quarter of 2013 was 0.3 percent above the level of the same period last year. This marginal improvement follows two quarters of negative turnover results.

Turnover in the business services sector was higher in the second quarter of 2013 than twelve months previously, ending the decrease in turnover of the preceding two quarters. The number of vacancies in the sector was at its lowest for ten years. The number of bankruptcies in the sector was higher, however. The sentiment among providers of business services was sombre in the second quarter, and most of them are pessimistic about the third quarter of 2013 as well.

In the second quarter of 2013, the amount of hours worked in stage A temp jobs was 1.6 percent down from the first quarter. The number of hours worked in stage A temp jobs declined for the fifth consecutive quarter.

In the first half of this year, turnover generated by hairdresser and beauty salons fell by 3.5 percent relative to the same period in 2012. The number of visits to hairdresser and beauty salons is declining.

The total amount outstanding in life course savings schemes exceeded 5 billion euros is in 2012. Deposits are lower than last year, withdrawals used to finance a period of unpaid leave are higher than ever.

Turnover in the Dutch business services sector was lower in the first quarter of 2013 than in the previous year. The decrease in turnover was smaller than in the previous quarter. Businesses in this sector remain pessimistic: more of them were negative about the economic climate in the first quarter than in previous quarters. Most of them are also pessimistic about the second quarter of 2013. On balance, however, most businesses expect turnover to rise.

In the fourth quarter of 2012 turnover in the Dutch business services sector was lower than a year earlier. This meant that after three quarters of turnover growth, the fourth quarter of 2012 saw a reversal. The mood among the entrepreneurs is bleak. More entrepreneurs were negative about the economic climate in the fourth quarter. Many were also pessimistic about the first quarter of 2013. They expect the economic climate to deteriorate and turnover to fall.

Turnover in business services in the third quarter of 2012 was higher than a year earlier. It was the third quarter in a row in which turnover grew, but still the mood among the entrepreneurs in business services was bleak. Many were pessimistic about the fourth quarter in which they expected a worsening of the economic climate and cuts in the workforce.

In the fourth quarter of 2012, the amount of hours worked in stage A temp jobs was nearly 1 percent down on the third quarter. The number of hours worked in temp jobs also declined in the two preceding months.

In the third quarter of 2012, the amount of hours worked in stage A temp jobs was 4 percent down on the preceding quarter. The number of temp hours worked in temp jobs had decreased slightly in the second quarter.

The present index series are generally based on 2005 = 100. To keep these index series up to date, a base shift is introduced every fives years. In 2013 the base year 2005 will be replaced by base year 2010 (2010 = 100).

Turnover of companies in the business services sector was higher in the second quarter of 2012 than in the same quarter last year. The sector also performed better than in the first quarter this year, when turnover remained almost unchanged compared to the first quarter of 2011. The sentiment among providers of business services deteriorated in the second quarter of 2012. They perceived a downswing in the economic climate and their expectations for the third quarter are also sombre. They forsee turnover and prices to remain at the same level and a decrease in employment.

In the second quarter of 2012, the amount of hours worked in stage A temp jobs was 0.3 percent up from the preceding quarter. The increase in the first quarter was nearly 1 percent.

Turnover in business services was again lower in the first quarter of 2012 than in the corresponding quarter of 2011. The decline was smaller than in the previous quarter, though. On balance the sentiment among the providers of business services was less negative about the economic climate in the first quarter of 2012 than in the preceding quarter. Fewer entrepreneurs predict a negative development of the economic climate. They hardly expect rates to fall further, and they expect employment in business services to shrink less than in the preceding quarters.

The amount of hours worked in stage A temp jobs was nearly 2 percent down in the first quarter of 2012 from the fourth quarter of 2011. The number of hours worked in stage A temp jobs declined for the third consecutive quarter.

According to the first provisional estimate, the Dutch economy shrank by 1.1 percent in the first quarter of 2012 compared with the same period last year.

The disposable household income has dropped for the fourth year in a row. Adjusted for inflation, the disposable household income dropped 0.4 percent in 2011, the same as in 2010 and this was largely caused by the fact that the wage increase of 1.8 percent was below the level of inflation (2.3 percent).

Turnover in business services was lower in the fourth quarter of 2011 than in the corresponding quarter of 2010. Nevertheless, the decline was modest. The developments in turnover varied widely between the various sectors in business services.

The amount of hours worked in stage A temp jobs was 1 percent up in the fourth quarter of 2011 from the preceding quarter. In the third quarter, the number of hours worked in temp jobs stage A had declined for the first time in nearly eighteen months.

Adjusted for seasonal variation, there were 123 thousand unfilled vacancies at the end of December last year, i.e. 10 thousand fewer than one quarter previously.

Dutch companies quoted at the Amsterdam Stock Exchange paid out nearly 12 billion euro in dividends to their shareholders in 2011, an increase by 600 million euro relative to 2010. Nearly all dividends were paid out by non-financial companies.

The average retirement age of employees had risen to more than 63 years in 2011.

Turnover in business services was higher in the third quarter of 2011 than in the corresponding quarter of 2010. However, the turnover growth rate was not as strong as in the previous two quarters of 2011. Also, turnover varied widely between the various sectors within the business services. The Business Sentiment Survey of October shows that business services providers felt the deterioration in economic climate of 2011 in the third quarter, just as they did in previous quarter. Nevertheless, their expectations for turnover in the fourth quarter are favourable. This does not apply to employment.

In November, business services providers anticipating turnover growth in the next three months outnumbered those anticipating a downturn. At +18, the index was lower than in October (+29).

The amount of hours worked in stage A temp jobs was reduced by 3 percent in the third quarter relative to the second quarter. In the five preceding quarters, the number of hours worked in temp jobs in stage A had grown continuously.

An increasing proportion in the Dutch population think unemployment will rise over the next twelve months. Manufacturing industry, construction and business services expect employment to deteriorate.

Tthe Dutch economy grew by 1.1 percent in the third quarter of 2011 compared with same quarter last year.

For owners of small and medium-sized enterprises (MKB) in the Netherlands, it is on average more difficult to take out a bank loan than in the rest of Europe.

In October, business services providers anticipating turnover growth during the next three months outnumbered those anticipating a downturn. With + 29, the index was higher than in September (+ 19).

The construction value of new commissions for architects fell substantially again in the second quarter of 2011.

More than 27 percent of Dutch employed were working from home part of their regular working hours in 2010.

In September, business services providers anticipating turnover growth during the next three months outnumbered those anticipating a turnover decline, but with + 19, the index was marginally lower than in August (+ 21).

Turnover in business services was again higher in the second quarter of 2011 than in the same quarter last year. It was the fourth consecutive quarter that turnover in business services increased. Opinions about business service showed a mixed picture in the second quarter: services providers in information technology and employment agencies were very positive about the economic climate, while advertising agencies have a very negative view. For the third quarter, companies are more gloomy about prices and employment in the sector. On balance, a majority think that turnover will continue to grow in the third quarter.

The amount of hours worked in temp jobs increased for the fifth consecutive quarter. In the second quarter of 2011, it grew by more than 2 percent relative to the preceding quarter. This means growth was less substantial than in the first quarter, when the number of hours worked in temp jobs increased by nearly 4 percent.

Last year, the labour costs per year of employment increased by 1.4 percent, the smallest increase since 1989. The average annual increase over the past decade was 3.3 percent.

n August, business services providers anticipating turnover to grow during the next three months outnumbered those anticipating turnover to decline. The index stood at + 21 in August versus +7 in July.

In July, business services providers anticipating turnover to grow during the next three months outnumbered those anticipating turnover to decline. The index stood at + 7 in July versus – 5 in June.

Dutch companies quoted on the stock exchange paid more than 7.6 billion euro in dividend in the first half of 2011. This is half a billion euro more than in the first half of 2010.

In June, business services providers anticipating turnover growth during the next three months were outnumbered by those anticipating a decline. The index stood at -5 in June versus +15 in May.

Turnover in business services again showed positive developments in the first quarter of 2011 compared to the same quarter of 2010. Turnover increased slightly less than in the previous quarter. The positive opinions about the economic climate among the entrepreneurs in business services hardly changed in the first quarter of 2011. The entrepreneurs predict turnover growth in the second quarter of 2011. They also predict increasing prices and employment.

Providers of business services were slightly less optimistic in May about their future turnover than in April.

The Dutch hold a positive attitude towards saving. In April 2011, the proportion of Dutch consumers who thought their financial situation would allow them to put money aside in the next 12 months was much higher than the proportion who thought they would not be able to save.

Employees saved 893 million euro in life-course savings accounts last year, approximately the same amount as in 2009. Withdrawals amounted to 233 million euro, an increase by 45 percent relative to one year previously.

The number of business services providers anticipating turnover growth in the next three months outnumbered those anticipating a decrease by 23 percent in April, versus 41 percent in March. Temp agencies were most optimistic about future turnover

Investors in Dutch government bonds faced severe losses in the first quarter of 2011.

The number of business services providers anticipating turnover growth in the next three months outnumbered those anticipating a decrease by 41 percent in March, versus 31 percent in February. Temp agencies, audit firms and economic consultancy agencies were most optimistic about future turnover.

In the fourth quarter of 2010 turnover in business services was slightly higher than in the same period a year earlier. Again business service companies were positive about the current economic climate. They expect turnover to increase further and prices to rise in the first quarter of 2011.

The amount of hours worked in temp jobs increased for the third time in a row. In the fourth quarter, it grew by more than 2 percent compared to the third quarter of 2010, but the growth rate is slowing down. In the second and third quarter, the number of hours worked in temp jobs grew by more than 5 and 3 percent respectively.

In February, the number of business services providers anticipating turnover growth in the next three months outnumbered those anticipating a decrease by 31 percent, i.e. 13 points above the level in January. Providers of business services have been positive about their future turnover for more then six months now.

For the second year in a row, less consumer credit was granted in the Netherlands than in the previous year.

In January, the number of business services providers anticipating turnover growth in the next three months outnumbered those anticipating a decrease by 18 percent, i.e. 4 points above the level in December.

After five quarters of decrease, turnover in business services was slightly higher in the third quarter of 2010 than twelve months previously. Business services companies were positive about the current economic climate. They expect turnover to increase further in the fourth quarter of 2010. They also expect prices to rise and to recruit more staff.

In the first nine months of 2010, the value of bonds increased by more than 23 billion euro. In this period, the value of newly issued bonds minus paid-off bonds was 27 billion euro.

In November, the number of business services providers anticipating turnover growth in the next three months outnumbered those anticipating a decrease by 29 percent. Optimism was tempered in comparison to the two preceding months.

In October, the number of business services providers anticipating turnover growth in the next three months largely outnumbered those anticipating a decrease.

In September, the number of business services providers anticipating turnover growth in the next three months largely outnumbered those anticipating a decrease. The balance of positive and negative answers stood at 38, as against 9 in August.

Turnover growth of business services was again lower in the second quarter of 2010 compared to a year earlier. Turnover fell by less than in the first quarter. Companies providing business services were positive on the current economic climate.

The number of hours worked in temp jobs increased by nearly 5 percent in the second quarter of 2010 compared to the first quarter.

In August, the number of business services providers expecting turnover to increase in the next three months outnumbered those expecting a decrease. The balance was + 9 in August versus - 4 in July.

Last year, employees saved 908 million euro in life course schemes, an increase by over 10 percent relative to 2008. They withdrew more than 164 million euro in 2009, over 35 percent more than in the preceding year.

In July 2010, the number of Dutch business services providers expecting turnover to decrease in the next three months outnumbered those expecting an increase. With -4 in July versus -7 in June, the gap was somewhat smaller than in the preceding month, though.

Non-financial companies in the Netherlands repaid 3.0 billion euro more on outstanding loans than they borrowed in new loans in the first quarter of 2010. The credit crisis and uncertain economic prospects have led companies to borrow less than they repay for a year now.

In June, the number of business services providers expecting turnover to decrease in the next three months outnumbered those expecting an increase.

Turnover growth of business services levelled off in the first quarter of 2010 compared to a year earlier. Turnover fell at the same rate as in the preceding quarter. Entrepreneurs became slightly more positive on the current economic climate for enterprises and expect turnover to grow growth in the second quarter.

The Dutch number of hours worked in temp jobs dropped by more than 1 percent in the first quarter of 2010 compared to the fourth quarter of 2009.

In May 2010, the number of Dutch business services providers expecting turnover to increase in the next three months outnumbered those expecting a decrease. However, the difference was less obvious than one month previously.

In April, the number of business services providers expecting turnover to increase in the next three months easily outnumbered those expecting a decline. However, the difference was somewhat less obvious than one month previously.

In March, the number of business services providers expecting turnover to increase in the next three months easily outnumbered those expecting a decline. Optimists outnumbered pessimists by 25 percent, as against 18 percent in February.

Turnover in the business services sector was down again in the fourth quarter of 2009 compared with twelve months previously. The fall was also larger than in the preceding quarter. Although opinions of business services providers about the current economic climate have become less negative, they do expect a further reduction of the workforce in the first quarter of 2010.

The number of hours worked in temp jobs dropped by 2 percent in the fourth quarter of 2009 relative to the third quarter.

As a result of the economic crisis, the demand for temp agency workers in the Netherlands was substantially lower in 2009 than in the previous year. The decrease was larger than in 2003, the last period of economic recession.

In February, the number of business services providers expecting turnover to increase in the next three months outnumbered those expecting a decline. With +18 percent, the balance was slightly up on January (+14 percent).

Dutch households took out nearly 9.7 billion euro in consumer credit in 2009, i.e. 1.2 billion down on 2008 and the lowest level of the past decade.

In January, the number of Dutch business services providers expecting turnover to increase outnumbered those expecting a decline by 14 percent, as against 3 percent in December.

In December, the number of business services providers expecting turnover to increase outnumbered those expecting a decline. Although the majority (+3 percent) was less distinct than in November (+6 percent), it was obviously larger than in the first eight months of 2009.

In the last two decades consumers started using their PIN cards more and more to pay in shops. Some 55 percent of the purchase value was paid in this way by 2008.

Business services turnover fell again in the third quarter of 2009 compared to the same quarter last year. They realized less turnover than in the previous quarter. Opinions on the current economic climate for enterprises have become less negative.

In November 2009, the number of Dutch business services providers expecting their turnover to increase outnumbered those expecting a decline.

In October 2009, the number of Dutch business service providers expecting their turnover to increase outnumbered those expecting a decline.

In September 2009, on balance, 20 percent of Dutch business service providers expected their future output to increase.

Cleaning service agencies faced a turnover loss of 1 percent in the second quarter of 2009 relative to the same quarter in 2008. Prices rose by 3 percent.

Following a long period of growth, business services turnover fell for the first time in the second quarter of 2009. Turnover growth rates in the various branches differed strongly from those in the second quarter of last year. Companies providing business services have become more pessimistic in their expectations for the third quarter of 2009.

In August 2009, Dutch providers of business services were less low-spirited than in previous months. The number of entrepreneurs expecting future turnover to decrease only just (by 2 percent) outnumbered those expecting an increase.

In July 2009, Dutch providers of business services were still pessimistic. On balance, 25 percent of them expect to generate a lower turnover in the next three months.

Business services had a higher turnover in the first quarter of 2009 than a year earlier. The value of turnover, however, did not grow as much as in the previous quarters.

As a consequence of the credit crisis, falling share prices have resulted in continued losses for Dutch pension funds and insurance companies since the third quarter of 2007.

Turnover of the sector business services in the fourth quarter of 2008 was nearly 5 percent higher than one year previously and the smallest growth since the end of 2004. All branches in the sector business services achieved turnover growth except advertising agencies, but the differences between the various branches in the sector were considerable.

The Dutch cut back on spending on hairdressers and beauty treatment in 2008. This seems to be connected with the falling consumer confidence.

In the second quarter of 2008, turnover of computer service companies was 10 percent up on one year previously. The increase was more substantial than in the preceding two quarters.

Business service providers realised a turnover growth of 10 percent in 2007.

Partly as a result of the continuing economic growth, agencies providing temporary staff again increased their turnover substantially in 2007 compared with 2006. The increase was smaller than in 2006.

Dutch consumers borrowed 10.4 billion euro in 2007, the same amount as in 2006.

By the end of 2006, Dutch institutional investors had invested 124.3 billion euro in real estate; 48 percent was invested in shares of real estate investment companies.

Pension funds and insurance companies in the Netherlands realised share profits of 6 percent in the third quarter of 2005.

Pension funds and insurance companies in the Netherlands realised stock market profits of nearly 8 percent in the first half of 2005.

Total assets of Dutch pension funds and insurance companies amounted to 865 billion euro at the end of 2004. This is 82 billion more than in 2003. Holdings of foreign securities in particular rose. The value of foreign share and bond holdings rose by 29 billion and 53 billion euro respectively.

Dutch pension funds and insurance companies increased their foreign bond holdings by 13 billion euro to 238 billion euro in the third quarter of 2004. The balance sheet total of insurance companies and pension funds rose by 12 billion euro to 842 billion euro.

The total value of assets of pension funds and insurance companies hardly changed in the second quarter of 2004 from the first quarter. These institutions owned assets worth a total 830 billion euro in the second quarter. Ownership of shares and bonds rose by 10 billion euro.

In the first quarter of 2004 the total assets of pension funds and insurance companies rose by 46 billion euro to 829 billion euro. On balance the value of shares rose by more than 24 billion euro, the value of bonds by 21 billion euro.