Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Short term looking good but longer term issues ahead according to latest JSA Forecasts

Thursday 21 July 2011

The UK office furniture market is about to enjoy an increase in sales revenue to the end of 2011 and into 2012 according to the latest Office Furniture Market Report from JSA Consultancy Services, but the longer term outlook is less easy to gauge with continued uncertainty in the wider economy. The new edition of the quarterly report, developed in partnership with the economist Roger Martin-Fagg, will come as good news for a sector that has been under pressure since the 2008 economic downturn.
The current JSA Report forecasts growth in the short term, primarily because of price increases. In cash terms the market will grow each quarter but there will be little or no growth in output. This situation is usually described as ‘stagflation’. Beyond that the market will be more uncertain, not least because of a potential contraction in the wider economy.
‘The UK economy will shrink in Q2 and Q3, and there is a growing risk that Q4 could be negative’ explains John Sacks of JSA. ‘If this doesn’t happen, it will because UK wages grow by at least 5%, every debtor pays his bills within a month, UK finance directors sign off big capital spends financed from retained profits, and net trade with the rest of the world expands. The report expects Q4 results for the economy to show a 0.4% contraction.’
According to John Sacks the data in the report is more reliable than other surveys. ‘Traditional forecasting of this kind has relied too heavily on historic data’ he explains. ‘What the new service offers are forecasts based on a much wider and more sophisticated range of data, including trends in the wider economy and the developing nature of the market itself. By continually updating this information online we are able to offer a dynamic viewpoint on the market to help subscribers make sound, well-informed business decisions.’
More information on the JSA Market Forecast service is available at http://www.jsacs.com/uk-market-forecasts.php

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JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England

+44 (0) 20 7688 1928