{Original TITLE: New business models insufficient to offset pressure on business services}

The reviving economy offers a foundation for market growth for the business services. However, ABN AMRO believes that structural developments are having mixed effects. While demand is improving, productivity gains in services remain limited and downside risks persist. The bank notes that new business models alone are not enough to fully offset the pressure on margins and employment in business services. Competition and cost pressures contribute to a challenging environment, even as the broader economy stabilizes.

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Author summary: The piece argues that while the economy is improving, structural shifts are not delivering enough to fully relieve stress on business services, and margins remain under pressure.

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ABN AMRO ABN AMRO — 2025-12-04

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