Monday, September 19, 2016
- Financial services consulting work hits US$1bn for the first time and overtakes energy to become Australia’s biggest buyer of consulting
- Consulting work indicates the economy has started its transition from mining to services
- Public sector work up 7.5 per cent to US$786m
The Australian consulting market grew 4.4 per cent to US$4.4.bn in 2015 - almost doubling its speed of growth compared to the previous year (2.4 per cent). A buoyant performance from financial services and the public sector went some way to balancing the negative growth in Australia’s beleaguered energy & resources industry – where consulting activity dropped 0.7 per cent in 2015 to US$1.02bn.