Menu
11/08/2014
NI Private Sector Grows In July
Northern Ireland's private sector saw growth in both activity and new business in July, indicating continued economic recovery, according to the latest Ulster Bank Purchasing Managers' Index.
Companies took on extra staff at "a solid pace" during the month, albeit at a rate slightly reduced from June.
The rate of cost inflation quickened for the second month in a row, but output prices again rose only slightly.
The headline seasonally adjusted Business Activity Index in July rose to 59.8 from 59.0 in the previous month. This marked the thirteenth successive monthly increase in activity and was faster than registered across the UK economy as a whole. Panellists attributed the rise in activity to an upturn in the domestic economy.
New order growth rose slightly in July, with respondents reporting "improving economic conditions across the UK".
Construction has posted the fastest increase in new business during July, with the pace of expansion hitting a post-crisis high.
As a result of rising new business, companies increased their staffing levels during July. However, the rate of job creation slowed to the weakest it has been since February. The rise in employment was also slower than that recorded across the UK economy as a whole.
Northern Ireland companies posted another strong rise in input costs during July, with the rate of inflation much quicker than the UK economy average.
(IT/MH)
Companies took on extra staff at "a solid pace" during the month, albeit at a rate slightly reduced from June.
The rate of cost inflation quickened for the second month in a row, but output prices again rose only slightly.
The headline seasonally adjusted Business Activity Index in July rose to 59.8 from 59.0 in the previous month. This marked the thirteenth successive monthly increase in activity and was faster than registered across the UK economy as a whole. Panellists attributed the rise in activity to an upturn in the domestic economy.
New order growth rose slightly in July, with respondents reporting "improving economic conditions across the UK".
Construction has posted the fastest increase in new business during July, with the pace of expansion hitting a post-crisis high.
As a result of rising new business, companies increased their staffing levels during July. However, the rate of job creation slowed to the weakest it has been since February. The rise in employment was also slower than that recorded across the UK economy as a whole.
Northern Ireland companies posted another strong rise in input costs during July, with the rate of inflation much quicker than the UK economy average.
(IT/MH)
Related Northern Ireland News Stories
Click here for the latest headlines.
13 October 2014
Economy Growth Slows
Northern Ireland's economy continues to recover, but growth has eased to an 11-month low, according to the latest Ulster Bank Purchasing Managers' Index. The private sector remained strong at the end of the third quarter of 2014, as further sharp rises in activity and new business were recorded.
Economy Growth Slows
Northern Ireland's economy continues to recover, but growth has eased to an 11-month low, according to the latest Ulster Bank Purchasing Managers' Index. The private sector remained strong at the end of the third quarter of 2014, as further sharp rises in activity and new business were recorded.
12 August 2013
NI Enjoys 'Economic Heatwave'
This summer's spate of hot, sunny weather has helped increase business activity in Northern Ireland, according to the latest PMI (Purchasing Managers Index) from Ulster Bank. Richard Ramsey, Chief Economist Northern Ireland at Ulster Bank, explained: "Business activity, new orders, exports and employment all increased in July.
NI Enjoys 'Economic Heatwave'
This summer's spate of hot, sunny weather has helped increase business activity in Northern Ireland, according to the latest PMI (Purchasing Managers Index) from Ulster Bank. Richard Ramsey, Chief Economist Northern Ireland at Ulster Bank, explained: "Business activity, new orders, exports and employment all increased in July.
20 September 2002
Sustainable development does not mean 'sacrificing economic progress'
Recognising the importance of sustainable development does not mean sacrificing economic progress, the First and Deputy First Ministers said today.
Sustainable development does not mean 'sacrificing economic progress'
Recognising the importance of sustainable development does not mean sacrificing economic progress, the First and Deputy First Ministers said today.
05 November 2010
Construction Downturn Defies 'Recovery'
Some parts of Northern Ireland's private sector are still growing despite a weak economic recovery that is underlined by continuing problems in the building sector. That's according to Northern Bank Chief Economist Angela McGowan (pictured) whose latest 'Quarterly Sectoral Forecasts' report forecasts annual growth of 1.0% overall for 2010 and 1.
Construction Downturn Defies 'Recovery'
Some parts of Northern Ireland's private sector are still growing despite a weak economic recovery that is underlined by continuing problems in the building sector. That's according to Northern Bank Chief Economist Angela McGowan (pictured) whose latest 'Quarterly Sectoral Forecasts' report forecasts annual growth of 1.0% overall for 2010 and 1.
16 November 2009
Jobs To Be Created In Armagh
An extension to a Co Armagh business centre will bring new jobs to the area. The NI Enterprise Minister Arlene Foster, along with David Graham, International Fund for Ireland, has officially opened the extension to Armagh Business Centre.
Jobs To Be Created In Armagh
An extension to a Co Armagh business centre will bring new jobs to the area. The NI Enterprise Minister Arlene Foster, along with David Graham, International Fund for Ireland, has officially opened the extension to Armagh Business Centre.
-
Northern Ireland WeatherThis Evening and Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
