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Savills UK commercial development activity PMI September 2007 [electronic resource]

By: Language: English Series: Savills UK Commercial Development Activity PMI ; September 2007Publication details: London Savills 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reported that total activity growth continued to slow down since the high point in March 2007. Suggesting that this may be due to increased borrowing costs and subdued business optimism. A net balance of just 4.9% of UK commercial developers who reported an increase in overall activity. This is the weakest rate of growth for seven months. At 7.8%, the net balance of firms reporting a rise in private sector development was the lowest since December 2005. The volume of work on public sector construction projects was unchanged in August.

Reported that total activity growth continued to slow down since the high point in March 2007. Suggesting that this may be due to increased borrowing costs and subdued business optimism. A net balance of just 4.9% of UK commercial developers who reported an increase in overall activity. This is the weakest rate of growth for seven months. At 7.8%, the net balance of firms reporting a rise in private sector development was the lowest since December 2005. The volume of work on public sector construction projects was unchanged in August.