Date
29 July 2017
Plunging sales amid thinning tourist arrivals from the mainland have cut deeply into retail profits. Retailers are less willing  to hire next quarter than previously. Photo: CNSA
Plunging sales amid thinning tourist arrivals from the mainland have cut deeply into retail profits. Retailers are less willing to hire next quarter than previously. Photo: CNSA

Survey: Retailers, wholesalers less willing to hire next quarter

Employers in the retail and wholesale sector are cautious about hiring in the coming quarter, according to a survey.

Manpower Group interviewed 760 employers in key industries including finance, insurance and real estate, manufacturing, mining and construction, services, transport and utilities.

Services and construction showed the most willingness to recruit staff in the first quarter of 2016.

All other sectors said they are inclined to hire next quarter. 

Meanwhile, the employment outlook index for the retail and wholesale sector came in at eight points, down five points.

The fall indicates reduced willingness to hire new workers.

A prolonged drop in retail sales amid falling arrivals from the mainland cut deeply into the operating profit of retailers, Manpower Group said.

The overall index was 15, unchanged from a year earlier.

[Chinese version中文版]

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