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© 2019 IHS Markit. Produced in association with REC.

KEY DATA

KEY FINDINGS

Embargoed until 0101 (UK) 8 March 2019

KPMG AND REC, UK REPORT ON JOBS

Permanent Placements Index

50.0FEB

JAN: 49.7

Temporary Billings Index

54.3FEB

JAN: 51.5

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Permanent Placements Index / Temporary Billings Indexsa, >50 = growth since previous month

The KPMG and REC, UK Report on Jobs is compiled by IHS Markit from responses

to questionnaires sent to a panel of around 400 UK recruitment and employment

consultancies.

Permanent placements

unchanged, but temp billings

expand at quicker pace

Availability of staff continues to worsen

Vacancy growth at near two-and-

a-half-year low

Uncertainty weighs on hiring and staff availability in February

“Overall the labour market has been incredibly resilient over the last couple of years as employers have opted to hire more permanent and temporary staff rather than invest in long term productivity gains. However in 2019 Brexit uncertainty is having an opposite and chilling effect on the jobs market, with firms reassessing their level of risk.

“With a decision on Brexit now imminent we’re seeing companies freeze or slow the pace of new hires, whilst at the same time the number of people looking to enter the jobs market has declined further. Vacancy growth is now back to the levels we saw around two and a half years ago.

“With unemployment at its lowest level since 1975, widespread skills shortages are also cooling the jobs market with the most acute issues to be found in sectors such as IT, engineering, and nursing. This means candidates with the right skills are commanding ever higher premiums and pay growth is now at a 10-year high. This has seen pay outstripping living costs meaning people feel better off.

“Once a political decision is made on Brexit we expect a wave of pent-up investment to be released in parallel with a renewed focus on cost reduction. This should result in another busy time for the jobs market later this year.”

Neil Carberry, Recruitment & Employment Confederation

chief executive, said:“The resilience of employers and the British jobs market shines through in today’s Report on Jobs. While numbers are clearly weaker than we have seen over the past few years, the survey suggests businesses are ready to create jobs if the investment environment is right. Recruiters are playing a crucial role in helping their clients fill gaps. As we draw closer to Brexit day, uncertainty and concern has grown, putting the sustainability of positive jobs news at risk. Firms are looking for politicians to find a solution to the current deadlock that gives them the certainty they need to invest and create jobs."

Commenting on the latest survey results, James Stewart,

Vice Chair at KPMG, said:

KPMG and REC, UK Report on Jobs


1 EXECUTIVE SUMMARY

CONTENTS

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Permanent Salaries Index / Temporary Wages Indexsa, >50 = inflation since previous month

1 Executive summary

2 Staff appointments

3 Vacancies

4 Vacancies by sector

5 Staff availability

6 Demand for skills

7 Pay pressures

8 Special feature

9 Further information

The Report on Jobs is unique in providing the most comprehensive guide to the UK labour

market, drawing on original survey data provided by recruitment consultancies and

employers to provide the first indication each month of labour market trends.

The main findings for February are:

Permanent placements stagnate in February

After a marginal drop at the start of the year, permanent staff appointments were unchanged in February. The broadly stagnant trend

for the year so far contrasts with steep increases through 2018, with

some panellists indicating that uncertainty around Brexit and a lack of

suitably skilled candidates impacted on hiring. At the same time, temp

billings rose at a steeper rate, after increasing only slightly in January.

Candidate availability declines further

A high employment rate across the UK and hesitancy to seek out

new roles amid an uncertain outlook led to a further steep drop in

overall staff supply in February. Despite easing since January, the deteriorations in both permanent and temporary worker availability

remained historically sharp.

Vacancies expand at slowest rate for 29 months

Although demand for staff continued to rise markedly, the rate of vacancy growth edged down for the second month running to a near

two-and-a-half-year low. Softer increases in demand were signalled for both permanent and temporary staff in February.

Pay growth eases but remains marked

Latest data pointed to a further sharp rise in starting salaries, with

employers generally having to up pay offers to attract and secure candidates. That said, the latest increase was the softest seen for seven months. Temp wage inflation meanwhile eased to a 13-month low.



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Permanent Placements Indexsa, >50 = growth since previous month

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Last six months

2 STAFF APPOINTMENTS

Permanent Placements Indexsa, >50 = growth since previous month

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Temporary Billings Indexsa, >50 = growth since previous month

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Last six months

UK London South Midlands North

Sep ‘18 56.0 58.0 53.4 52.5 54.1

Oct ‘18 57.4 56.7 58.6 55.1 55.2

Nov ‘18 55.5 57.4 56.5 55.2 51.0

Dec ‘18 53.7 51.9 59.0 50.2 50.8

Jan ‘19 49.7 49.3 52.6 48.1 46.7

Feb ‘19 50.0 54.0 51.7 45.4 48.6

Temporary Billings Indexsa, >50 = growth since previous month

Sep ‘18 55.9 56.2 51.3 59.4 53.7

Oct ‘18 58.3 60.3 55.0 63.8 58.2

Nov ‘18 55.3 53.3 52.7 61.1 52.6

Dec ‘18 56.8 56.7 57.1 54.8 55.5

Jan ‘19 51.5 48.9 50.5 56.5 49.2

Feb ‘19 54.3 54.4 52.7 54.7 52.4


Permanent

Placements Index

Temporary

Billings Index

After falling fractionally at the start of 2019, the number of people placed into permanent

positions was unchanged in February. Some

recruitment consultancies indicated that

demand for staff among clients remained strong which helped to lift placements. However, other panellists indicated that candidate shortages

and Brexit-related uncertainty had put a brake

on staff hiring in February. Notably, the broadly stagnant trend signalled for 2019 so far contrasted

with steep increases in permanent placements

throughout 2018.

On a regional basis, greater permanent staff appointments in London and the South of England

helped to offset falls in the Midlands and North of England.

Permanent staff appointments stabilise in February

After rising only slightly in January, temp billings growth quickened in February. Though solid,

the expansion remained notably softer than the average seen over the current 70-month sequence

of increases. Recruitment agencies that registered

higher billings generally linked this to strong

demand for temporary workers.

Renewed increases in temp billings were seen in

London and the North of England, while growth

was sustained in the Midlands and the South of

England.

Solid rise in temp billings

Recruitment consultancies report on the number of people placed in permanent jobs each month, and their revenues (billings) received

from placing people in temporary or contract positions at employers.

An index reading above 50 signals a higher number of placements/billings than the previous month. Readings below 50 signal a decline

compared with the previous month.



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3 VACANCIES

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OFFICIAL DATA: UK JOB VACANCIES

Vacancy Index summarysa, >50 = growth since previous month. *Not seasonally adjusted.45

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Last six months

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UK job vacancies%yr/yr, 3mma '000s

Source: Office for National Statistics.

Last six months

Permanent Temporary

Total Total Private* Public* Total Private* Public*

Sep ‘18 60.4 60.5 63.9 54.5 59.3 64.9 58.4

Oct ‘18 60.2 60.2 61.7 56.4 59.1 63.5 56.1

Nov ‘18 59.9 59.9 62.8 52.4 59.3 63.8 57.7

Dec ‘18 59.9 59.9 60.8 56.3 59.6 61.1 53.7

Jan ‘19 58.9 58.9 59.6 49.1 58.2 53.6 49.2

Feb ‘19 57.2 57.2 58.9 52.4 57.0 58.5 52.2

Total Vacancies

Index

Permanent /

Temporary

At 57.2 in February, the Report on Jobs Vacancies

Index edged down from 58.9 in January to signal a

slower, but still marked, increase in staff demand. Furthermore, the latest expansion in job vacancies

was the softest since September 2016.

Softest rise in vacancies for nearly two-and-a-half years

Recruitment consultants are asked to specify whether the demand for staff from employers has changed on the previous month, thereby providing an indicator of the number of job vacancies.

Official data from the Office for National Statistics (ONS) indicated that the number of vacancies rose to 870,000 in the three months

to January; the highest level since records began in 2001. This

represented a 5.6% increase (46,000 more vacancies) when

compared to the same period a year ago.

Demand for both private and public sector staff increased during February.

Sharp increases were seen for both permanent

and temporary job openings in the private sector.

Modest growth of demand was meanwhile seen

for permanent and short-term staff in the public sector, following reductions in January.

Public & private sector vacancies

Demand for both permanent and temporary staff remained historically strong in February, despite

softening since the start of the year.

Notably, growth of permanent vacancies edged

down to a 29-month low, while demand for short-

term staff expanded at the slowest pace since August 2016.

Permanent and temporary vacancies



4 VACANCIES BY SECTOR

sa, >50 = growth since previous month

VACANCY INDEX BY SECTOR

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Accounting & FinancialPermanent vacancies

Permanent staff vacancies rose across all ten monitored categories during February. The steepest increase in demand

was signalled for permanent IT/Computing workers, while the

weakest was registered for Construction staff.

Temporary vacancies

Nursing/Medical/Care topped the rankings for temporary staff demand midway through the first quarter. Vacancies also grew across the other categories monitored by the survey, with the

exception of Retail.

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Construction

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Executive & Professional

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IT & Computing

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Retail (unadjusted)

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Blue Collar

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Engineering

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Hotels & Catering

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Nursing, Medical & Care

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Secretarial & Clerical

Permanent / Temporary

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Construction

Retail*

Blue Collar

Secretarial/Clerical

Executive/Professional

Hotel & Catering

Nursing/Medical/Care

Engineering

Accounting/Financial

IT & Computing

Feb '19

Feb '18

sa, >50 = growth since previous month. *Not seasonally adjusted.

Permanent Vacancies Index

45 50 55 60 65 70

Retail*


Construction



IT & Computing

Engineering

Blue Collar

Hotel & Catering


Feb '19

Feb '18

sa, >50 = growth since previous month. *Not seasonally adjusted.

Temporary Vacancies Index

Recruitment consultancies are requested to compare the demand

for staff according to sector with the situation one month ago.



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5 STAFF AVAILABILITY

Permanent / Temporary

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Recruitment agencies signalled a further marked

deterioration in the availability of candidates

during February, despite the rate of reduction

easing to the least marked for 11 months.

Underlying data showed that both permanent and

temporary candidate supplies fell at slightly softer rates.

Overall candidate availability continues to decline

Permanent Staff Availability Indexsa, >50 = improvement since previous month


Sep ‘18 37.5 38.8 33.7 36.8 43.1

Oct ‘18 36.1 38.5 31.6 37.8 41.5

Nov ‘18 38.2 41.7 37.1 34.8 38.3

Dec ‘18 36.8 43.8 35.7 35.1 37.0

Jan ‘19 34.5 34.4 36.2 35.8 35.9

Feb ‘19 38.5 35.1 39.1 40.8 37.6

Sep ‘18 40.3 44.6 38.5 42.8 45.9

Oct ‘18 40.1 41.1 40.2 36.4 45.2

Nov ‘18 41.7 44.4 41.4 37.7 44.5

Dec ‘18 42.8 47.3 43.9 39.8 43.7

Jan ‘19 39.5 41.2 42.5 39.5 42.1

Feb ‘19 41.8 37.4 44.6 41.9 43.6

Temporary Staff Availability Indexsa, >50 = improvement since previous month


Total Staff Availability Index

Permanent Staff Availability Index

Temporary Staff Availability Index

February survey data signalled a sustained drop

in the availability of workers to fill permanent job roles in the UK. Despite easing to the weakest in 11

months, the rate of deterioration remained much

quicker than the long-run series trend. Anecdotal

evidence indicated a high employment rate and

a reluctance among workers to change job roles

underpinned the latest fall in permanent staff supply.

The drop was widespread, with all four monitored

English regions noting steep reductions in

permanent worker availability.

Permanent worker supply falls sharply

As has been the case since July 2013, the supply

of temporary workers declined across the UK in

February. The pace of reduction eased slightly

from January's recent record, but was much

sharper than that seen on average since the survey

began in 1997.

On a regional basis, the sharpest fall in temp

labour supply was seen in London and the softest in the South of England.

Further reduction in temporary candidate numbers

Recruitment consultants are asked to report whether availability of permanent and temporary staff has changed on the previous month. An overall indicator of staff availability is also calculated.



6 DEMAND FOR SKILLS


AccountantsAccountsAuditorsBankingBook KeepersCredit ControllersEstimatorsFinancePayrollPensions AdminRiskTax AccountantsUnderwriters

Blue Collar

AutomotiveDriversFLT DriversHGV DriversLGV DriversMeter ReadersProductionSemi Skilled WorkersSkilled WorkersWelders

Construction

ConstructionConstruction SalesQuantity SurveyorsTown PlannerWhite Collar Construction

Engineering

Automation EngineersDesign EngineersElectonic Design EngineersElectrical EngineeringEngineersGeotechnical EngineersMechanical EngineersPlanning EngineersSenior Electronic EngineersTechnicians


ComplianceHuman ResourcesLawLegalLegal SecretariesLitigation Management

MarketingPortal FeeProject ManagersRecruitment ConsultantsScientistsSenior Executive

Hotel/Catering

Baristas CateringChefsHospitality

IT/Computing

AnalystsArchitectural TechniciansC#C++CADCNCData AnalystsDevelopersDevOpsDigitalGamingITIT DevelopersIT ManagersIT SecurityOracle FusionProgramme ManagersSoftware EngineersTechnology


Care WorkersCarersChemistsDispensing OpticiansHealth Care Assistants Hearing Aid DispensersHome Care WorkersNursesOptometristsSupport Workers


AdministrationClericalPersonal AssistantReceptionistSecretary

Other

BuyersCustomer ServiceExport SalesLogisticsProperty ManagersSalesTechnical SalesTelesales


AccountantsAccountsBankingCredit ControllersFinanceFinance DirectorsPayrollPensions AdminTax Accountants

Blue Collar

Blue CollarCleanersDriversFLT DriversGeneral OperativesHGV DriversIndustrialLGV DriversPackersProductionSkilled WorkersUnskilled WorkersWarehouse

Construction

ConstructionQuantity SurveyorsRailSkilled ConstructionSurveyors

Engineering

Civil EngineersElectrical EngineersEngineersGeotechnical EngineersSenior Electronic EngineersTechnicians


Human ResourcesLegalLegal SecretariesLitigation MarketingPortal FeeScientists

Hotel/Catering

Baristas Catering

ChefsHospitalityKitchen Porters

IT/Computing

Architectural TechniciansAutomation TestersData AnalystsDevelopersDevOpsDigitalFull Stack DevelopersGamingITJavaOracle FusionPHP DevelopersPythonRubySoftware DevelopersTechnology


Care WorkersHealth Care Assistants Hearing Aid DispensersHome Care WorkersOptometristsResidential CarersSocial Workers Support Workers


AdministrationClericalOffice StaffOffice SupportPersonal AssistantReceptionistSecretary

Other

BuyersCustomer ServiceDutch SpeakersGeneral AssistantsGerman SpeakersGraduatesSalesTeam LeadersTelesales

Skills in short supply: Permanent staff Skills in short supply: Temporary staff


BankingFinancial Controllers

Blue Collar

AutomotiveBlue CollarCleanersDriversUnskilled WorkersWarehouse Operatives

Engineers

Engineers


ManagementManaging DirectorsMarketingProject Managers

Hotel/Catering

Hospitality

Retail

Retail Staff


Administration

ClericalPersonal AssistantUnskilled Administration

Other

Customer ServiceJuniors ManagersSales

Skills in excess supply: Permanent staff Skills in excess supply: Temporary staffAccounting/Financial

Financial Controllers

Blue Collar

Blue CollarCleanersDecoratorsGeneral OperativesIndustrialPaintersUnskilled WorkersWarehouse Operatives

Construction

JoinersLabourers

Engineering

Automation EngineersEngineers


Business AnalystsMarketingProject Managers

Hotel/Catering

Hospitality

IT & Computing

Programme Managers


AdministrationPersonal AssistantReceptionist

Other

Customer ServiceSchool Leavers

Recruitment consultancies are invited to specify any areas in which they have

encountered skill shortages during the latest month.



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7 PAY PRESSURES

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OFFICIAL DATA: UK AVERAGE WEEKLY EARNINGS

UK average weekly earnings (private / public)%yr/yr, 3mma

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Sep ‘18 64.5 62.9 66.4 65.3 57.3

Oct ‘18 64.3 61.8 64.2 63.8 63.0

Nov ‘18 63.2 63.3 65.0 60.3 60.2

Dec ‘18 62.6 65.2 60.4 59.3 63.0

Jan ‘19 63.4 64.0 63.7 62.0 60.5

Feb ‘19 61.5 62.1 61.9 58.7 61.5

Sep ‘18 58.8 59.6 59.2 57.7 54.4

Oct ‘18 57.4 58.5 56.0 57.6 53.8

Nov ‘18 60.8 58.3 62.2 60.7 59.1

Dec ‘18 58.9 58.1 59.8 60.3 58.3

Jan ‘19 58.5 57.4 60.4 58.4 55.8

Feb ‘19 56.4 52.2 54.6 59.2 60.4

Permanent Salaries Indexsa, >50 = inflation since previous month


Permanent

Salaries Index

Temporary

Wages Index

Starting salaries awarded to permanent

workers continued to increase across the UK

during February. Reports from panellists widely

mentioned that higher pay offers were required in order to attract and secure candidates. The rate of

salary inflation was sharp overall, despite edging down to a seven-month low.

The upturn in starting salaries was broad-based

across all four monitored English regions and led

by London.

Starting salary inflation remains elevated

Temporary wages rose further across the UK

midway through the first quarter of 2019. Though sharp, the rate of pay growth eased for the third

month running to the slowest since January 2018.

A number of panellists linked the rise to a general

increase in market rates.

Higher short-term pay was signalled for all four

English regions monitored by the survey, with the

quickest increase seen in the North of England.

Temp wages rise at slowest rate for just over a year

The recruitment industry survey tracks both the average salaries awarded to people placed in permanent jobs

each month, as well as average hourly rates of pay for temp/contract staff.

Data from the Office for National Statistics showed that employee earnings (including bonuses) rose by 3.4% in the final three months of 2018. This was unchanged from the increase seen in

the three months to November, and indicated that pay growth is

experiencing its best growth patch for over ten years.

The past year has shown a marked improvement in pay trends

across both the private and public sectors. Growth continued to

be led by the private sector, which saw earnings rise by 3.5% in the

three months to December. In the public sector, pay rose by 2.8%,

with the current sequence of growth the best seen since 2011.



8 FEATURE: VACANCIES

Official vacancies at record high


Official vacancies by sector(thousands)

Official vacancies data against survey data

Sources: KPMG, REC, IHS Markit, Office for National Statistics.

0 50 100 150

Mining & quarrying

Electricity, gas, steam & air conditioning

supply

Water supply, sewerage, waste & remediation

activities

Real estate activities

Public admin & defence; compulsory social

security

Arts, entertainment & recreation

Other service activities

Construction

Financial & insurance activities

Transport & storage

Education

Information & communication

Administrative & support service activities

Manufacturing

Professional scientific & technical activities

Accomodation & food service activities

Human health & social work activities

Wholesale & retail trade; repair of motor

vehicles and motor cycles

This section features official data from the Office for National Statistics about UK job vacancies

The latest set of labour market data published by the Office for National Statistics (ONS) showed that the number of job vacancies hit a fresh record high in the three months to January. At 870,000, the number of vacancies was up 5.6% from the same period a year ago, to reach the highest level since the series began in early-2001.

Official vacancies data has a good relationship with the Report on Jobs Demand for Staff Index, which provides a useful guide to anticipating changes to ONS figures. In recent months, the survey data suggested that growth of demand has cooled slightly, but remained strong overall.

A closer look at the official vacancy numbers showed that the Wholesale, Retail and Repair of Motor Vehicles sector had the largest number of unfilled roles (140,000), closely followed by Human Health & Social Work Activities (131,000). Combined with Accommodation & Food Service Activities (93,000) and Professional Scientific & Technical Activities (78,000), these four sectors accounted for just over half of all job vacancies.

At the same time, tight labour market conditions meant that there are now far fewer people to fill job roles. The unemployment rate currently stands at 4.0%; its lowest since 1975. Consequently, the ratio of unemployed people to vacancies stood at approximately 1.6, which is the lowest since the vacancy data were first available in early-2001. Low worker availability and strong demand for staff has therefore driven up pay, with the most recent ONS figures showing regular earnings growth at a ten-year high.

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Index, sa, 50 = no change ONS Vacancies, % y/y

ONS vacancies

Report on Jobs Demand for Staff Index

Sources: IHS Markit, REC, ONS.



Methodology

The KPMG and REC, UK Report on Jobs is compiled by IHS Markit from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.

Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.

Underlying survey data are not revised after publication, but seasonal adjustment factors may be revised from time to time as appropriate which will affect the seasonally adjusted data series.

For further information on the survey methodology, please contact [email protected].

KPMGPaul Middleton+44 (0) 20 7694 2180 +44 (0) 7387 [email protected]

RECGorki Duhra PR Manager, REC Press Office+44 20 7009 2192 [email protected]

Kerry GroveSpeed Communications +44 117 906 4517 [email protected]

IHS MarkitAnnabel FiddesPrincipal Economist+44 149 146 1010 [email protected]

Joanna Vickers Corporate Communications +44 207 260 2234 [email protected]

CONTACT

Disclaimer

The intellectual property rights to these data are owned by or licensed to IHS Markit and/or its affiliates. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without IHS Markit’s prior consent. IHS Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon. In no event shall IHS Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. IHS Markit is a registered trademark of IHS Markit Ltd and/or its affiliates.

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

About REC

The REC is all about brilliant recruitment, which drives our economy and delivers opportunity to millions. As the voice of the recruitment industry, we champion high standards, speak up for great recruiters, and help them grow. Recruitment is a powerful tool for companies and candidates to build better futures for themselves and a strong economy for the UK. Find out more about the Recruitment & Employment Confederation at www.rec.uk.com.

About IHS Markit

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.

International Women’s Day: Special Feature on Female Recruitment

In February 2019, UK recruitment agencies were asked “Over the last two years which sectors have seen the biggest improvement in the number of women applying for jobs?”

From the results we can see:

1) The proportion of recruiters that have/have not seen an improvement.

2) Which sectors have seen the biggest improvements in female applicants.

1) What proportion of recruiters have seen an improvement in the number of women

applying for jobs.

Approximately seven out of ten recruiters have seen an improvement in the number of

women applying for jobs over the past two years, compared to less than one-in-three that

have not.

Sources: IHS Markit, KPMG.

Yes, 71%

No, 29%

Have you seen an improvement in the number

of females applying for jobs in the past 2 years?

2) Sectors that have seen the biggest improvement in the number of female

applicants in the last 2 years.

Executive/Professional (which includes senior managers and directors) came top of the sector

rankings, followed by Engineering and IT & Computing.

At the bottom of the rankings was Retail and Hotel & Catering, which likely reflects the fact that

these sectors already see very high volumes of female applicants.

Rank Sector % of responses citing

1 Executive/Professional 26%

2 Engineering 17%

3 IT & Computing 16%

4 Accounting/Financial 15%

5 Blue Collar 7%

6 Secretarial/Clerical 6%

7 Nursing/Medical/Care 5%

8 Construction 4%

9 Hotel & Catering 2%

10 Retail 1%

Sources: IHS Markit, KPMG.

About IHS Markit

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive

economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and

government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit

has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial

institutions.

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