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The two American office furniture giants Steelcase and Herman Miller are both seeing signs that point to the beginning of the long awaited upturn in the office furniture market. Both Companies who saw their production drop by more than 30% in 2009 are seeing an increase in enquiries from large corporate clients and the resumption of building projects that were put on hold in 2009. Industry pundits are predicting a modest growth in the sector of between 1 and 2.50%.
Predictable the main obstacle to growth is the availability of finance. Many of the top office furniture manufactures have diversified into the Healthcare and Education sectors which aren't subject to the same recessionary pressures however there still remains a significant reliance on the activity and recovery of the Corporate and financial sectors where the relative spend on office furniture per head is higher.
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