PRESS RELEASE BY MBD...

UK RECRUITEMENT CONSULTNATS MARKET RESEARCH REPORT

RELEASED: MARCH 2008

After researching the UK recuitment consultants market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

MARKET REVIEW 2003-2007:

In 2007, the value of the UK recruitment consultants market is believed to have increased by 6% to an estimated £28.11 billion, consolidating earlier growth achieved between 2004 and 2006. Annual levels of growth peaked at 7% in 2004, taking the market value to £25.24 billion, reversing the downward trend evident in the previous year, when a 5% decline was recorded. This decline was partly attributable to slow economic growth and a lack of consumer confidence. Demand for recruitment consultants is believed to have increased by a cumulative 19% during the review period.

MARKET FORECAST 2008-2012:

Between 2007 and 2012, the UK market for recruitment consultants is expected to demonstrate year-on-year growth, culminating in an overall real term increase of 15% to £32.42 billion (at 2007 prices) in the latter year. Annual growth rates are anticipated to remain relatively stable, oscillating between 2% and 4% during the forecast period. A certain level of maturity is apparent in the market, which is reflected by moderate growth levels expected between 2008 and 2012. Furthermore, increased legislation in the market is projected to increase operating costs and lead to greater consolidation within the industry.

NOTE TO EDITORS:

Market & Business Development Ltd specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

Click here for full details of the UK Recruitment Consultants Market Research Report

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