Outsourcing contacts hit by Eurozone crisis
Monday, July 23, 2012
Outsourcing contracts have fallen in Europe as uncertainty surrounding the economic stability of the Eurozone.
Outsourcing contracts worth more than £15.5 million have fallen by 29 percent in the second quarter from the same time last year.
Research from the Information Services Group’s (ISG) detailed that the total value of contracts had fallen 11 percent from the start of the year and 21 percent from the second quarter of 2011.
Duncan Aitchison partner EMEA at ISG, said: “Looking forward, we anticipate a soft third quarter, which faces an especially tough comparison with 2011.” And “The fourth quarter will likely pick up, with some help from larger deals in the pipeline ready to go to award.”