IBR Sector focus series - Construction and real estate
IBR Sector focus series - Construction and real estate
The Grant Thornton International Business Report (IBR) 2009 reveals that privately held businesses (PHBs) in the retail sector are markedly less confident regarding economic prospects for the year ahead than they were in 2008, dramatically affecting the ‘big decisions’ these businesses have to make. In 2008 a net balance1 of +44 per cent were optimistic compared to -20 per cent this year. Across all sectors, businesses are also less optimistic (-16 per cent) than they were in 2008 (+40 per cent).
IBR 2009 examined the optimism of privately held businesses across eight sectors which we are pleased to share through our sector focus series.
Of the eight sectors, hospitality is the most buoyant at just +2 per cent; ahead of technology (-7 per cent), financial services (-9 per cent), health and education (-19 per cent), manufacturing (-19 per cent), construction and real estate (-20 per cent), retail (-20 per cent) and transport (-39 per cent).
This series will provide key findings, insights into specific national market sectors and our perspective on the outlook for each sector. It will also suggest tactics businesses should consider in the current economic climate.
If you have ‘big decisions’ you need help with, please visit www.gti.org. For more information on IBR visit www.internationalbusinessreport.com.