Consulting services industry group treads water in 2020
The management, scientific and technical consulting services industry group reported $22.4 billion in operating revenue in 2020, a slight increase of 0.6% from 2019. This was a deceleration in growth compared with the 4.9% increase in 2019, despite the industry group playing a key advisory role during the COVID-19 pandemic. This industry group offers consulting services in various sectors, such as human resources, information technology, science and economics, management, and the environment. Operating expenses grew 1.0% to $16.0 billion in 2020, resulting in an operating profit margin of 28.4%.
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