Commercial

摘要

The Office for National Statistics classifies the education and health sub-sectors within two sectors; public non-housing (direct government funding) and commercial (PFI funded work).The Association has combined these sub-sectors to form sections for education and health that include both funding streams. As a result, the text has been excluded from the public non-housing and commercial sections to avoid repetition.rnThe commercial sector, which was valued at £23 billion in 2008, tends to enjoy double-digit rates of growth during years when the sector is doing well. Conversely, it is highly exposed during years when economic activity is subdued or falling. In the current downturn, the commercial sector is set to fall extremely sharply, suffering from a lack of demand, a lack of finance in addition to an excess supply of commercial properties. As a result, the recession looks set to lead to an estimated fall in the commercial new build market of over 40% in the space of just three years.