This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Downturn in fit out sector set to continue

01 July 2010

The latest AMA report into the UK Commercial Interior and Fit-Out Market reveals that the decline in its private sector work will be followed by a similar fall in its public sector business

The interior fit-out and refurbishment market estimated to be worth £7 billion in 2009, has experienced significant decline in the last two years, the report concludes following a period of growth up to 2008 in the offices, retail, leisure and the public sectors.
The report states: “Performance has been very difficult in most end use sectors in 2008-09, reflecting the general decline in construction output and RMI. Decline has been strongest in the private sector, with offices and retail both experiencing major downturns in new build which inevitably feeds into major fit-out and refurbishment projects. Offices and retail have traditionally accounted for more than 50 percent of the fit-out an d refurbishment market, but this share has fallen over 2008-09.”
It continues: “Taking a wider perspective over the 2008-2012 period, the market will have experienced extremely volatile conditions with significant variations at sector level. Initially, the decline in 2008/09 was primarily driven by the downturn in the private sector, with the public sector remaining buoyant. However, performance in 2010 – and progressively into 2011/2012 – will see a reversal of this trend as the public sector experiences cutbacks with prospects in the fit-out market increasingly dependent on a recovery in the private sector. As a result, overall forecasts for 2010-12 are difficult to make at this stage, but short term prospects will remain difficult. There have been some tentative signs of optimism in the private sector, but spending plans for the public sector will emerge slowly with the Emergency Budget in June to be followed by the Autumn Spending Review when more detailed departmental budgets are developed. Individual company performances have already been very variable and will continue to do so over the next 3-4 years, reflecting specific areas/sectors of expertise.
AMA Research’s report Commercial Interior Refurbishment and Fit-Out Market – UK 2010-2014 is available in hard copy or electronic format for £650 and can be ordered online at www.amaresearch.co.uk or call 01242 235724.


Contact Details and Archive...

Print this page | E-mail this page

www.fsifm.com
https://www.ironmongerydirect.co.uk/?utm_source=PFM&utm_medium=MPU%20Banner&utm_campaign=Everything%20you%20need%20banner&utm_term=Clicks&utm_content=Feb%2021


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Registration page published for PFM Partnership Awards 2020 ceremony

Those wishing to attend the online presentation ceremony for the PFM Partnership Awards 2020 at 16.00 on 17 March can now register in advance by

Takeover of G4S by US company seeming increasingly likely

American company Allied Universal Security seems to be set to take over G4S, after Canadian rival GardaWorld declined to increase its previous offer for th...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...

Landmarc on Target

British troops are trained on ranges and facilities managed under a PPP contract that has radically changed the way they are maintained and supported. Jane...
Article image

HE Simm Group appoints new managing director to grow its hard FM business

The HE Simm Group – one of the leading family owned and operated engineering and services businesses – has made a major appointment to facilitate the growt...
https://www.uhubglobal.com
https://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pubname=&edid=b8a4f410-683e-4c84-b22e-4288fc573866