November 6, 2018 / 6:10 AM / 8 months ago

Adecco says revenue growth slows during third quarter

ZURICH, Nov 6 (Reuters) - Adecco Group said its revenue growth halved during its third quarter, confirming a weaker trend seen by the global staffing industry as economic uncertainty weighs on hiring.

Adecco said its revenue growth decelerated to 2 percent in the three months that ended Sept. 30, down from the 4 percent rate in the previous three months.

The company, whose figures are closely watched for clues about the health of the broader economy, said revenue growth - when adjusted for trading days and currency changes - slowed further to 1 percent in September and October combined.

Rivals Randstad and ManpowerGroup have already reported slowing revenue growth during their third quarter, reflecting greater caution among companies as economic growth slows.

Reporting by John Revill; editing by Thomas Seythal

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below