PMI Commercial Development Activity Report

Published: January 2005
Source/Company: Savills' PMI

Abstract:
Key findings - Developers remain highly confident about prospects for the first quarter of 2005.

December data from the Savills Commercial Development PMI® survey* pointed to a notable increase in levels of commercial development activity. However, the pace of growth was shown to have slowed from the previous month to the least marked since the current period of expansion began in June 2003. Reduced rates of growth were recorded for both public and private sector activity (the latter of which showed the stronger improvement). Nevertheless, commercial property firms remained highly confident regarding prospects for activity in the three months ahead.

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