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16/07/2014
NI Growth Continues
The economy in Northern Ireland has grown steadily for a full year, according to the latest Purchasing Managers' Index (PMI) from Ulster Bank.
Output growth in the Northern Ireland private sector extended to a year in June. The report said panellists increased their staffing levels during the month and both input costs and output prices rose at faster rates than in May.
Business activity at Northern Ireland private sector firms increased in June, according to the report. It said the rate of expansion remained sharp and slightly faster than the UK-wide average, but slowed from the previous month.
Respondents linked higher activity mostly to a further increase in new business. As with activity, the retail sector saw the fastest growth in new business.
Higher new orders also precipitated an increase in backlogs of work in June, while companies responded by taking on extra staff.
Employment in Northern Ireland has now increased in each of the past 12 months, according to the report.
However, the rate of cost inflation in Northern Ireland remained faster than the UK average in June and picked up from that seen in May. Reasons included higher prices for energy and raw materials and increased staff costs.
(MH/IT)
Output growth in the Northern Ireland private sector extended to a year in June. The report said panellists increased their staffing levels during the month and both input costs and output prices rose at faster rates than in May.
Business activity at Northern Ireland private sector firms increased in June, according to the report. It said the rate of expansion remained sharp and slightly faster than the UK-wide average, but slowed from the previous month.
Respondents linked higher activity mostly to a further increase in new business. As with activity, the retail sector saw the fastest growth in new business.
Higher new orders also precipitated an increase in backlogs of work in June, while companies responded by taking on extra staff.
Employment in Northern Ireland has now increased in each of the past 12 months, according to the report.
However, the rate of cost inflation in Northern Ireland remained faster than the UK average in June and picked up from that seen in May. Reasons included higher prices for energy and raw materials and increased staff costs.
(MH/IT)
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The economy in Northern Ireland grew by 0.9% in the last quarter of 2015, compared to the same period in 2014. The number was revealed in the latest NI Composite Economic Index (NICEI), which was published today by the Northern Ireland Statistics & Research Agency.
NICEI Report Finds Slight Increase In NI Economy
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