"The current upturn in activity is more likely to reflect the return of buyers who have delayed purchasing through the worst of the financial turbulence at the end of 2008 rather than the beginnings of a swift recovery," she said.
"The current upturn in activity is more likely to reflect the return of buyers who have delayed purchasing through the worst of the financial turbulence," she said.
A level above 50 indicates expansion; one below 50 indicates contraction.The upturn in activity was led by Germany, whose own composite output index of services and manufacturing jumped from 54.3 in March to 56.3, the second-highest in nearly three years.
We cannot yet get consolation from signs of an upturn in economic activity.
However, some in the industry have suggested there is an upturn in activity.
Fellow depute leader Catriona Bhatia, who has responsibility for health services, said the council was pleased to be announcing an extra £80m of capital spending to "support the encouraging signs of a general upturn in economic activity".
But it added that "upward pressures are expected to build continuously" because of the continued upturn in economic activity.
David Oldfield, a spokesman for Lloyds, said: "Despite fears that private sector output at the start of the year would be disrupted by the heavy snowfall in January, the latest survey revealed an upturn in business activity across most of the English regions.
Whilst markets have certainly stabilised, there appears little evidence as yet of a more general upturn in economic activity.
And the economic upturn stretches well beyond housing-related areas of activity.
Mr. Moody said investors were becoming more interested in Harlem, which has seen an upturn in retailing activity with the opening of the 275,000-square-foot Harlem USA complex, which includes Gap, Old Navy and Disney stores.
