FX magazine (October 2009) reported that the UK contract floor coverings market was worth £1.1 billion in 2008, making up just over half of all floor coverings. 2008 saw a slight decline, after strong growth from 2003-2007.
In 2009 the decline is expected to be sharper (as all industries are aware), as new commercial offices, entertainment, retail and refurbishment work have been delayed by the recession and the squeeze on credit.
The article speculated a little as to performance in 2010. Although public sector spending will still be under pressure, we would hope to see commercial projects beginning to get moving again.
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