Euro crisis hits outsourcing – but it’s not all bad news

26th July 2012

The pace of outsourcing contracting in Europe, the Middle East & Africa (EMEA) slowed down during the second quarter of 2012 as a result of the region’s wider economic difficulties. ‘Following a record-breaking second half of 2011, Europe has had a notably sluggish start to the year,’ commented Duncan Aitchison, EMEA director with the Information Services Group, a technology insights and market intelligence company.

 

 

 

‘The shortfall stems from a drop-off in the pace of smaller contract awards, as well as the absence of significant mega-deal activity,’ he explained, referring to the scarcity of contracts with a total value exceeding €800m. During the first half of 2012 the two strongest vertical sectors (reflecting recent trends) were financial services (awarding deals totalling nearly €5bn) and manufacturing (with deals totalling almost €4 billion). 

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