Commenting on the latest survey findings, Richard Ramsey, Chief Economist Northern Ireland, for the Ulster Bank said “At the end of the first quarter of 2014, it is clear that Northern Ireland’s private sector recovery is still firing on all cylinders. Local firms have now posted three successive quarters of strong growth. The pace of business expansion eased in March but the corresponding acceleration in new orders growth suggests strong rates in this area should continue for some time yet. Northern Ireland’s private sector firms have now reported growth in new orders for 10 consecutive months”.
Brian Turtle from OKT also commented ”The Ulster Bank Survey bears out the much increased level of activity being experienced in the market for commercial property, especially manufacturing space and offices, not only in Greater Belfast but throughout most parts of the Province. In Greater Belfast there is a real scarcity of Grade A office space and also quality space for manufacturing and logistics. I believe we will soon see tower cranes returning to our City Centre landscape to service the requirements of companies relocating, expanding, or looking to trade in the Province”.
