Business confidence increases slightly

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Sustained staffing shortages

In Q2, one out of four enterprises are hampered by shortages of staff in their business operations. Since mid-2018, the share of entrepreneurs facing shortages has consistently remained around 25 percent. Despite tight labour supply, on balance 10 percent of entrepreneurs expect staff numbers to increase in Q2.

Staffing shortages are cited most frequently by enterprises in the sector business services (34 percent). Within this sector, however, there are major differences. For example, more than half of temp agencies and of security firms experience staffing deficits, while this is the case for only one out of 14 travel agencies. In Q2, staffing shortages are also above average in the sectors information and communication, transport and storage, accommodation and food services and in construction; even higher in the latter two compared to the previous quarter. A shortage of workers is least prevalent among enterprises in the mining and quarrying sector (8.5 percent).