The 1Q13 EMEA ISG Outsourcing Index, which covers commercial outsourcing contracts with an annual contract value (ACV) of €4 million or more, totaled €1.5 billion during the first quarter, a 20 percent decline from the first quarter of 2012 and a 30 percent drop from the fourth quarter of 2012.
The market awarded 105 contracts in EMEA, a drop of 15 percent year-on-year and 17 percent sequentially.
For the first time in more than a year, awards for restructuring accounted for about half of the region’s total, as the value of these deals increased both sequentially and year-on-year.
The U.K saw ACV of €500 million, a decline of 30 percent compared to the first quarter of 2012
However, this result was only slightly below the average for first quarters over the last five years, indicating that, following three particularly strong periods, activity in the largest European market remains robust.
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