Commercial Development Activity

The Total Commercial Development Activity Index - a net balance monitoring the overall performance of the UK commercial property sector - rose from +5.8% in May to +18.9% in June.
The latest reading indicated a sharp expansion, and one that was the fastest in six years.
Private commercial work rose for the tenth successive month, while an increase in public sector projects was the first since February.
All three monitored UK regions registered sharp rises in commercial work.
Growth of activity was generally linked by panellists to new contract wins, improved weather conditions and easier access to borrowing funds.

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