A new Management Consultancies Association (MCA) report has found that market conditions have significantly improved over the last twelve months.

With 66% of MCA member firms reporting that market conditions are positive this year, compared to just 18% in 2012.

Confidence in the UK economy has also risen dramatically – 63% of firms are ‘confident in its growth prospects’ this year compared with just 9% a year ago.

The majority of MCA member firms are also experiencing increases in fee income with almost 72% seeing their income rise markedly (+ 5%), or slightly (1-5%) in the first six months of 2013. Only 16% of firms reported a reduced income, a drop from a quarter last year.

Three quarters of firms report that they will increase their numbers of consultants this year.

Find out more about the report on the MCA website.