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CN Chart of the Week: Mixed fortunes for the commercial sector

Only one commercial sector has managed growth over the past quarter, according to data from JLL and Glenigan.

Data from the JLL and Glenigan Commercial Activity Index shows that only the offices sector, which grew by 21.1 per cent, managed to increase between Q4 2015 and Q1 2016.

The largest falls were felt in community construction (which includes leisure centres and other community facilities), which dropped by 28.2 per cent, and medical, which fell by 20.3 per cent.

Elsewhere, retail construction fell by 17.5 per cent over the same period, reaching £3.9bn, although this was higher than the £2.8bn recorded in Q1 2015.

The value of construction activity in the office sector now stands at £4.9bn as of Q1 2016 – 23.6 per cent lower than the £6.4bn recorded in Q1 2015.

The only two sectors to grow year-on-year were retail (38.9 per cent) and education (5.1 per cent).

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