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Green shoots? Clients look to grow their businesses as well as cut their costs

As business confidence starts to return, it’s likely to have an impact on what clients invest in.

In forthcoming research, we focused on the fortunes of four key sectors in the consulting industry (energy & resources; financial services; healthcare, pharma & life sciences; and technology, media & telecoms) in six major consulting markets. Because this is a repeat of research we carried out late last year, it provides a chance to see how client sentiment has shifted.

Clients are now more likely to say the macroeconomic environment is having no impact on their confidence than they were last year—29% in July 2023 to 20% in November 2022.