Menu
23/08/2001
UK to avoid full-blown recession
A report by the Confederation of British Industry (CBI) has said that Britain will avoid a full-blown recession.
While Britain's manufacturing sector is the only part of the UK economy officially in recession, the CBI said that the manufacturing sector would start to recover by the end of the year. The report predicts that although the first nine months of the year showed a decline in the manufacturing sector, output was likely improve in the last three months of the year and grow by a modest 0.6 per cent in 2002.
The CBI also pinpointed that fact that the manufacturing trade was the weakest part of the UK economy, and while the overall picture looked brighter, it would continue to struggle.
At present British manufacturers' total order books are at their lowest level for nearly two and a half years with output expected to fall further. (MB)
While Britain's manufacturing sector is the only part of the UK economy officially in recession, the CBI said that the manufacturing sector would start to recover by the end of the year. The report predicts that although the first nine months of the year showed a decline in the manufacturing sector, output was likely improve in the last three months of the year and grow by a modest 0.6 per cent in 2002.
The CBI also pinpointed that fact that the manufacturing trade was the weakest part of the UK economy, and while the overall picture looked brighter, it would continue to struggle.
At present British manufacturers' total order books are at their lowest level for nearly two and a half years with output expected to fall further. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 December 2015
Energy And Manufacturing Advisory Group Established
An Energy and Manufacturing Advisory Group has been established to find a solution to combat energy costs within the manufacturing sector. Enterprise Minister Jonathon Bell said a strong, flourishing manufacturing sector was at the centre of the Executive's vision for the Northern Ireland economy.
Energy And Manufacturing Advisory Group Established
An Energy and Manufacturing Advisory Group has been established to find a solution to combat energy costs within the manufacturing sector. Enterprise Minister Jonathon Bell said a strong, flourishing manufacturing sector was at the centre of the Executive's vision for the Northern Ireland economy.
23 August 2018
Cushendall Firm Ships First Container To Singapore
Glens of Antrim Crisps (GOA) based in Cushendall has shipped its first container of crisps to a supermarket chain in Singapore. The deal with Cold Storage was secured at Food Hotel Asia in April and the retailer has since confirmed three additional orders.
Cushendall Firm Ships First Container To Singapore
Glens of Antrim Crisps (GOA) based in Cushendall has shipped its first container of crisps to a supermarket chain in Singapore. The deal with Cold Storage was secured at Food Hotel Asia in April and the retailer has since confirmed three additional orders.
03 September 2014
Magellan Aerospace To Invest Over £5m In Its Greyabbey Operation
Enterprise, Trade and Investment Minister Arlene Foster has announced that Magellan Aerospace is investing almost £6million in its Greyabbey operation and creating 47 advanced manufacturing jobs. The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd.
Magellan Aerospace To Invest Over £5m In Its Greyabbey Operation
Enterprise, Trade and Investment Minister Arlene Foster has announced that Magellan Aerospace is investing almost £6million in its Greyabbey operation and creating 47 advanced manufacturing jobs. The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd.
13 May 2013
Minister Departs On Four-Day Trade Mission
The Minister for Small Business, John Perry TD, will today depart on a four-day trade mission with 25 innovative Irish companies to the Czech Republic and with 37 companies to Poland.
Minister Departs On Four-Day Trade Mission
The Minister for Small Business, John Perry TD, will today depart on a four-day trade mission with 25 innovative Irish companies to the Czech Republic and with 37 companies to Poland.
05 March 2013
Jaguar Invests £500m In Manufacturing
Jaguar Land Rover will reinforce its commitment to manufacturing in the UK by increasing the investment in its new Engine Manufacturing Centre to more than £500 million. In addition, Jaguar Land Rover will invest £2.
Jaguar Invests £500m In Manufacturing
Jaguar Land Rover will reinforce its commitment to manufacturing in the UK by increasing the investment in its new Engine Manufacturing Centre to more than £500 million. In addition, Jaguar Land Rover will invest £2.
-
Northern Ireland WeatherThis Evening and Tonight:Another cloudy and mild night with the odd spot of light drizzle. More widespread outbreaks of rain will spread southeast into western parts of Tyrone, Fermanagh and Derry late in the night. Minimum temperature 8 °C.
