In their review of business conditions in different regions, members indicated that overall economic activity appeared to be rising in many parts of the nation while some signs of an emerging upturn
could be discerned in most other areas.
Although welcomed by the industry, the upturn
does not necessarily signal a rebound for the market, according to Bob Willis, ECA president.
Tony Filice, RICS Wales residential spokesperson and director of Kelvin Francis Chartered Surveyors, Cardiff, said: "With the recent upturn
in activity brought on by the end of the stamp duty holiday, it seems that a renewed sense of optimism may be slowly returning to the property market.
As expected, this upturn
has provided positive news for those out of work and we are seeing net job creation in the sector with strong intentions to recruit over the coming months.
Chairman Tom Brown said: "The improvement in the group's second half performance reflects the upturn
in demand across all our businesses as the global economic backdrop has improved.
The shape and scale of any recovery is still uncertain, but one thing is clear - those businesses already looking towards the upturn
and planning how to make the most of it are the ones that will thrive.
EEF regional director Alan Hall said: "These figures suggest a strengthening of the upturn
recorded in the first quarter.
is expected to be boosted further by the expected rise in Merseyside property prices following Liverpool's successful bid for the 2008 European Capital of Culture prize.
These levels, however, though higher than anything seen during the recent economic upturn
, were still below every other year before 1999.
The unit's performance has improved because of the upturn
in the dynamic random access memory (DRAM) market, as well as its efforts to move away from total dependence on the volatile memory market.
June 27 /PRNewswire/ -- Sixty-one percent of corporate controllers say the nation's economy is in recovery and more than half believe this upturn
will continue through 1994 and 1995, according to a survey released today by the Controllers Council of the Institute of Management Accountants (IMA).
The timing and strength of an upturn
remained subject to substantial uncertainties, and the need for further policy stimulus to foster a satisfactory economic expansion could not be ruled out.
5% here claimd they saw an upturn upturn
and the overall performance indicator for the region sits at -59.
The Bank said there was a high level of uncertainty over the strength of the upturn
and forecast that bank lending will probably remain weak over the next three years.
THE UK should brace itself for a "long, hard path"to recovery despite the prospect of an upturn
next year, says the Bank of England.