Hiring intentions solid except in textiles & timber

Hiring intentions among all UK private sector employer industry segments, apart from textiles & timber, remained solid in February, according to the latest Markit Business Outlook.
Tue, 17 Mar 2015Hiring intentions among all UK private sector employer industry segments, apart from textiles & timber, remained solid in February, according to the latest Markit Business Outlook.

Sector specific figures obtained by Recruiter reveal that the difference between textiles & timber purchasing managers anticipating job cuts and creations was equally balanced.

This was in contrast to every other UK private sector industry segment, where the figure of those expecting to hire over those planning to cut headcount was larger.

Across all sectors, the proportion of firms predicting job creations exceeded those that anticipated job cuts by +32%, marginally down on October 2014 (+33%), the last time the data was collected.

Sectors performing above the average were telecommunications (+50), property (+40), chemicals (+35) and electrical (+34).

Meanwhile, the global Markit Business Outlook for February reveals US hiring intentions fell away in the month but picked up in the Eurozone, particularly in Ireland, Spain, Germany and Italy.

Hiring intentions picked up in Japan but remained low across the main emerging market economies of Brazil, Russia, India and China.

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