Demand remains weak in the Finnish and Swedish consulting industry
The turnaround for the consulting industry is taking longer than expected. Growth during the third quarter averaged only 0.6% (compared to 5.5% last year), and for the first nine months of the year, it was just 0.5%. Companies have maintained good cost control, with half reporting higher operating margins compared to last year, though the average margin slightly declined to 4.4% (4.9%). This is highlighted in Cinode’s latest summary of Q3 reports from publicly listed consulting firms. “Most expected a clearer turnaround this fall.