| 70% of UK firms expect new business growth |
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| | results show sustained growth in management consultancy revenues over the last year. The sector has now enjoyed uninterrupted growth since Q4 2002, with like-for-like revenues increasing 6.6% in the last 12 months.
Encouragingly, the outlook for 2006 looks rosy. Around 70% of MCA member firms are predicting an increase in new business over the next quarter. And reflecting the ever- | |
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| | higher utilisation rates being achieved in the industry, 80% of member firms expect an increase in their headcount of consultants employed over the next three months.
Nick Owen, MCA vice-president 2005/6 and managing partner at Deloitte, said: “Although there has been limited growth over the last quarter across all sub-sectors, the sustained growth within the consulting sector | |
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| | over the past two and a half years has provided further evidence of the value consultants add, and the positive effect they are making on their clients’ business, both in terms of improved productivity and increased revenues.”
Although MCA members are predicting further growth, the MCA survey also showed that the sector’s confidence in the UK’s economic performance underwent a dramatic decline in the | |
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| | third quarter: nearly two thirds of members (58 %) were ‘not confident’ or ‘not at all confident’ about the UK’s economic performance. This is the first dramatic change in confidence for over four years (since the first quarter of 2001) and sounds a cautionary note in an otherwise upbeat quarterly report.
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| | The UK’s Management Consultancies Association (MCA) has just released its latest quarterly survey of member firms’ performance and expectations for the coming quarter. The | |
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