Public sector work hits trough | News

Commercial development activity
	July		Latest 3 months		Year to date
	Index	Rank	Index	Rank	Index	Rank
Office: private	60.2	1	59.1	2	58.9	1
Refurbishment	59.1	2	58.3	3	58.7	2
New build: private	58.5	3	57.4	4	57.2	4
Office fit-out	56.9	4	59.5	1	57.2	3
Retail and leisure: private	54.3	5	56.4	5	54.2	6
Industrial/warehouse	51.4	6	53.5	8	56.0	5
New build: public	50.9	7	54.5	6	54.0	7
Office: public	50.0	8	53.3	9	52.7	8
Retail and leisure: public	47.9	9	53.8	7	51.9	9
Public commercial	52.5		53.9		54.0
Total commercial	59.6		59.3		58.1
A level of 50 indicates no change from the previous month, above 50 signals an increase, and below 50 a decrease. Source: Savills