Accountants 'best placed' to benefit from recovery
PwC says business services sector will emerge in the best shape following the recession
Accountants, lawyers and property management companies will be among those to
benefit early from an economic recovery, a PricewaterhouseCoopers index has
Firms in the business services sector, which also includes computer
technology, advertising, engineering and telecommunications companies are set to
benefit early from a cyclical economic upswing.
The sector has the highest price earnings ratio – share price relative to
annual income, putting it in a strong position for accelerated long-term growth.
In contrast, the PwC upturn index predicts that metal products, textiles and
food manufacturing companies will be among the last to benefit when the economy
begins to recover.