Economic Report on the
Shopfitting Industry in
ISO
Congress,
In general,
immediate past president of ISO, Morten Gron-Hansen expressed his pleasure, that indeed this
Congress was the first time ever, in Morten’s many
years in our industry, that everybody
were satisfied!
So also in
General
economic development
--------------------------------------
Key figures
(2007 estimates):
-
Private
consumption 4,1%
-
Gross
National Product 3,2%
-
Core
inflation 2,0%
-
Unemployment
2,7%
-
Interest
rates expected to increase from 4,0% today to 5,25% at the end of the
year.
The low
unemployment and high economic growth make it difficult to fulfil vacant
positions in most areas. This drives up inflation and wage increases. However,
the increase in productivity has been surprisingly high and will continue to
sustain growth.
There is a
risk of increasing inflation in future.
Development
in shopfitting
---------------------------------
The
industry is going well with high activity among the members of the Norwegian
Shopfitting Association (NBF).
The
successful companies offer service to
their clients.
Lack of
project managers and workers however
forces the industry to “cool down”.
The outlook
for 2007-2008 is promising.
Business in
As Morten Gron-Hansen’s group of
companies New Store Europe has also been doing business in
It must not
be overlooked, that the infrastructure still has to cope with a certain amount
of “black money”, why the official unemployment rate of 16-18% is not
considered trustworthy.
-------------------------------