| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Oct 12, 2009 - 8:41:02 AM


Strongest increase in UK commercial property development activity for over two years in September
By Finfacts Team
Oct 12, 2009 - 6:47:02 AM

Email this article
 Printer friendly page

Source: Markit Economics

UK commercial development activity gained further upward momentum in September, according to latest survey data from agents Savills.

29% of developers reported a rise in activity over the month, compared to just over 17% that signalled a decline.

At +11.6% in September, the resultant net balance, the Total Commercial Development Activity Index, was the highest since July 2007.

Growth of overall activity has now been recorded for two months in a row. In September, private sector development increased at the sharpest pace since July 2007, but public sector activity fell over the month.

The degree of business optimism in the commercial development sector held steady in September, following the two-year high recorded in August. The net balance measuring the three-month business outlook dipped only fractionally from +11.1% to +10.1% in September.

Companies anticipating an increase in activity over the final quarter of 2009 generally pointed to signs of an improvement in market demand. Data indicated that developers were most optimistic about the industrial /warehouse sector and least confident regarding office activity.

Growth of activity was driven by private sector development in September. Public sector office activity, new build and retail & leisure all declined over the month, following solid gains in August. Refurbishment was the best performing broad area of commercial development in September. Latest data also indicated marked rises in office fit-out activity and private sector office development.

Commenting on the September survey, Mat Oakley, head of Savills' Commercial Research department said:"This month’s data points to a sharp increase in refurbishment and office fit-out activity. Both of these tend to the first sectors to recover from the downturn and rely less on bankers’ cautionary stance regarding development. The evolution of the development market over the next 12 months will depend heavily on both bankers' and politicians' decisions - - not necessarily a comforting place to be!"

Related Articles
Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015