Members of the Management Consultancies Association have reported revenues of £1.11bn for the second quarter of 2001 compared with £1.09bn in the first quarter, a rise of 1.3%. These figures indicate that the MCA revenues are following closely the performance of the UK economy.
Income from Management Consultancy Services (MCS) has declined by 2.1% in the period while IT rose by 3.1% and outsourcing rose by 9.3%. E-business continues to be a major driver for consultancy work. Members predict that much new work will be in the public sector and overseas.
Bruce Petter, MCA’s executive director, commented: “These figures reflect a rather less optimistic picture both of MCA member revenue growth and UK economic activity.” He added that in the past MCA and MCS revenues and GDP have been closely linked.