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Deloitte’s revenue growth is weakest in 14 years as demand slows

Tougher economic conditions prompt companies to cut spending in firm’s key markets

Deloitte reported its weakest revenue growth since 2010 in the past year, as demand for its consulting services slowed sharply in the Americas and Asia amid tougher economic conditions.

Figures posted on its website this week showed that its global revenues only increased by 3.1 per cent to $67.2bn during the year to May 31, its worst performance in 14 years.

The weak performance was driven by a significant slowdown in the firm’s consulting division, its largest business line, which accounts for over 40 per cent of revenue and had been a significant driver of growth in previous years.

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