Service sector expects an increase in hiring activities in Q1
The sector also foresees higher revenue for the quarter.
Most industries in the service sector expect to increase their hiring activities for the first quarter of the year, with a net weighted balance of 5%.
Firms in the Retail Trade industry also anticipate more staff to cope with higher business activities from upcoming festivals.
In line with a positive revenue outlook, the Recreation, Community, and Personal Services firms foresee an increase in employment levels to meet rising demand for their services.
Within this industry, healthcare and childcare service providers expect more demand for their services.
The services sector, with a net weighted balance of 4% of firms, also foresees higher revenue for the quarter.
Within this industry, healthcare and childcare service providers expect more demand for their services in the next three months.
Similarly, the Wholesale Trade industry expects higher operating revenue. Wholesalers of Computers, Computer Peripheral Equipment, and Software anticipate higher revenue from higher demand for AI-related products.
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