Commercial

摘要

The commercial sector enjoyed its fourth successive year of growth in 2007 with a 13% rise in output on a year earlier. However, the consequences of the economic downturn will mark the sector's future for the remainder of the decade. Output is set to slacken across the sector. The present downturn hinges on credit availability and consumer confidence. Both of these factors are core to the commercial sector's prospects.The key office sub-sector is facing reduced investor confidence and falling space demand. Through its retail and entertainment components, the commercial sector is in the front line of the pressures on consumers. Slower growth and reduced propensity to spend can only have negative influences in these two sectors.