Real Estate Tops List of Best Sectors, Forecast Says
Want to know the best franchise business sector for the year? It’s real estate, according to a new economic forecast by IHS Global Insight. The sector will grow by 6.3 percent this year in economic output.
What about the worst sector? Automotive franchises, which will grow a mere 1.9 percent.
The sectors in between stack up like this: Commercial/residential services, up 5.5 percent. Quick-service restaurants, up 5.2 percent. Full-service restaurants, up 4.5 percent. Lodging, up 4.2 percent.
Filling out the 3’s are these four: Business services, up 3.9 percent. Retail products/services, up 3.7 percent. Retail food, up 3.5 percent. Personal services, up 3 percent.
Don’t like the numbers for your sector? We’re just the messenger, remember. IHS Global Insight prepared the forecast, for the International Franchise Association.