Exporters report rise in demand.Byline: Iain Laing THE health of the North East economy is slowly on the mend, with exporters leading the charge to recovery, according to the latest quarterly economic survey from the North East Chamber of Commerce (NECC NECC National Educational Computing Conference NECC Navy Expeditionary Combat Command (Norfolk, VA) NECC Net-Enabled Command Capability NECC Northeast Mississippi Community College NECC North Equatorial Counter Current ). It shows the region is still in the grip of the recession but that the rate of decline has slowed markedly, echoing the findings of the British Chambers of Commerce nationwide survey. And, while domestic orders for the coming three months remain sluggish for many North East companies, exporters are reporting demand for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. is up for the next quarter. NECC warned that signs of recovery are fragile and urged politicians and the Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. to continue to support the business community during the current difficulties. Martyn Pellew, NECC president, said: "Be under no illusion, the economic climate is still gloomy. "However, we are sensing growing positivity among NECC members that better times are ahead. "We cannot afford to break that brittle confidence as we anticipate that, when the recovery comes, it will be sluggish - particularly the domestic market. "NECC has been adamant for some time now that the fastest route for the North East to get out of recession will be via trade abroad. We are one of the only net exporting regions in the UK and this is a tremendous asset. The figures published today highlight that order books for the coming three months are much stronger for those companies trading on the global stage than they are for firms relying solely on domestic customers." A survey of more than 5,500 firms today casts doubt on whether the UK emerged from recession between July and September. Meanwhile, the British Chambers of Commerce (BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ) said business confidence was improving, but warned that the economy is still "frail". Its quarterly survey showed that confidence among manufacturers and services firms is at its highest point since the start of 2008 - before the recession began - but several indicators remain negative. The BCC's chief economist, David Kern, said: "The third-quarter results support our assessment that the UK economy is on the brink of leaving recession. "However, the improvement is not sufficiently strong to allow us to conclude without doubt that GDP GDP (guanosine diphosphate): see guanine. has already returned to positive growth. The economy is still frail." Official estimates are due next week on the performance of the economy in the third quarter of this year. If the economy remains in the doldrums it will be the first time the UK has endured six successive quarters without growth. |
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