Menu
17/12/2003
NI economy grows as business income increases
The Northern Ireland economy continues to grow thanks to income from local businesses, new figures released today showed.
Provisional results from the 2002 Northern Ireland Annual Business Inquiry (NIABI) show that income from businesses (Gross Value Added) have increased by 4% or some £484 million in 2002 compared to the previous year.
Commenting on the figures, Enterprise Minister, Ian Pearson said: "In 2002 the value of Northern Ireland business income after payment for goods and services increased to some £12.7 billion in the face of strong downward pressures internationally.
"While we have not been immune to such pressures it is encouraging to note that the Northern Ireland economy has been able to maintain progress in such difficult conditions.”
The NIABI provides the first estimates for 2002 of the level of mainly business based economic activity across some two-thirds of the Northern Ireland economy.
The survey includes most of the production, construction, distribution and service sectors, while excluding public sector activities for the most part.
(MB)
Provisional results from the 2002 Northern Ireland Annual Business Inquiry (NIABI) show that income from businesses (Gross Value Added) have increased by 4% or some £484 million in 2002 compared to the previous year.
Commenting on the figures, Enterprise Minister, Ian Pearson said: "In 2002 the value of Northern Ireland business income after payment for goods and services increased to some £12.7 billion in the face of strong downward pressures internationally.
"While we have not been immune to such pressures it is encouraging to note that the Northern Ireland economy has been able to maintain progress in such difficult conditions.”
The NIABI provides the first estimates for 2002 of the level of mainly business based economic activity across some two-thirds of the Northern Ireland economy.
The survey includes most of the production, construction, distribution and service sectors, while excluding public sector activities for the most part.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
07 November 2002
Political crisis threatens confidence, investment and jobs
Three-quarters of Northern Ireland business leaders say the collapse of the Good Friday Agreement would destroy business confidence. The unexpected result was part of a BBC Northern Ireland Business Day Poll survey which also revealed that if current levels of violence escalate, half of local employers would postpone planned investment or cut jobs.
Political crisis threatens confidence, investment and jobs
Three-quarters of Northern Ireland business leaders say the collapse of the Good Friday Agreement would destroy business confidence. The unexpected result was part of a BBC Northern Ireland Business Day Poll survey which also revealed that if current levels of violence escalate, half of local employers would postpone planned investment or cut jobs.
16 April 2010
Developers Should 'Prepare' For NAMA
Local property developers have been urged to prepare for impending demands for an asset-related business plan.
Developers Should 'Prepare' For NAMA
Local property developers have been urged to prepare for impending demands for an asset-related business plan.
13 June 2006
1,000 jobs to be created in Belfast
Around 1,000 jobs are to be created in Belfast, it has been announced. Indian company, ICICI OneSource, one of the country's largest business processing outsourcing (BPO) firms, is to open a call centre in the city, creating over 1,000 jobs over the next two-years.
1,000 jobs to be created in Belfast
Around 1,000 jobs are to be created in Belfast, it has been announced. Indian company, ICICI OneSource, one of the country's largest business processing outsourcing (BPO) firms, is to open a call centre in the city, creating over 1,000 jobs over the next two-years.
10 January 2003
Minister says 'partnership' is key to business success
The development of strategic relationships is vital to the success of business and industry on both sides of the border, Economy Minister, Ian Pearson has said.
Minister says 'partnership' is key to business success
The development of strategic relationships is vital to the success of business and industry on both sides of the border, Economy Minister, Ian Pearson has said.
05 December 2013
Alliance Encourages Small Business Saturday
An Alliance MLA is encouraging Northern Ireland shoppers to support local traders on Small Business Saturday on 7 December. Judith Cochrane is Chair of the Assembly Group on SMEs. She proposed a cross party motion on this issue in the Assembly on Monday.
Alliance Encourages Small Business Saturday
An Alliance MLA is encouraging Northern Ireland shoppers to support local traders on Small Business Saturday on 7 December. Judith Cochrane is Chair of the Assembly Group on SMEs. She proposed a cross party motion on this issue in the Assembly on Monday.
-
Northern Ireland WeatherToday:A cloudy day with outbreaks of mainly light rain at times, although there may be the odd heavier burst. Driest in the south and east during the afternoon. Moderate southwesterly winds. Maximum temperature 11 °C.Tonight:Staying cloudy throughout the evening and overnight period with a little rain or drizzle at times. Mild overnight with light winds. Minimum temperature 7 °C.
