2014-04-21 10:10:03 - Commercial Building Construction in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The Commercial Building Construction industry has endured a sustained decline over the past five years as its primary markets plummeted into a recession brought on by the financial crisis and took industry operators down with them.
Private investment in commercial and industrial premises has slumped in response to adverse trends in company profitability, employment and household spending. In the public sector, the government´s fiscal austerity measures have involved cuts to funding for institutional buildings, notably schools and hospitals. Over the five years through 2013-14, industry revenue is expected to decline at a compound annual rate of 9.9% to Â£14.7 billion.
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