Menu
16/06/2006
NI economy continues to perform well
A report published today has shown that the Northern Ireland economy continues to perform well.
The Northern Ireland labour market is currently benefiting from historically high levels of employment and continuing low unemployment, and the latest figures show that annual economic growth is above the UK average.
The report, which is the second edition of the Northern Ireland Economic Bulletin publication, brings together a range of research findings and commentary on economic issues facing Northern Ireland
Commenting on the publication, Enterprise Minister Maria Eagle said: “In the context of an increasingly competitive global economy, DETI’s Economic Bulletin highlights the importance of the Northern Ireland economy competing on quality and value added. Our export performance shows we can compete effectively on the world stage and it is vital that we continue to build on our strengths.
"Increased export intensity requires greater emphasis on Research and Development and Innovation and I very much welcome the reported increase in innovation activity by Northern Ireland businesses. Employment growth needs to come from those sectors that have high export potential.”
She said: “There are however significant challenges still facing the Northern Ireland economy in terms of overcoming the persistent productivity gap and the over reliance on the public sector. As outlined in the Economic Vision we must not only seek to encourage higher levels of economic activity by growing private sector employment but ensure that such jobs are as productive as possible.
"In my new role as Minister for Enterprise Trade and Investment I will seek to ensure that Northern Ireland has the innovation, enterprise, skills and infrastructure to enable us to compete globally. This is also a time of tremendous opportunity for Northern Ireland and we must ensure the private sector becomes the engine of economic growth to deliver a more prosperous society for all.”
The Northern Ireland Economic Bulletin covers a range of topics such as the performance of the manufacturing, services and export sectors, recent progress in telecoms, innovation and renewable energy as well as developing entrepreneurship.
(EF/SP)
The Northern Ireland labour market is currently benefiting from historically high levels of employment and continuing low unemployment, and the latest figures show that annual economic growth is above the UK average.
The report, which is the second edition of the Northern Ireland Economic Bulletin publication, brings together a range of research findings and commentary on economic issues facing Northern Ireland
Commenting on the publication, Enterprise Minister Maria Eagle said: “In the context of an increasingly competitive global economy, DETI’s Economic Bulletin highlights the importance of the Northern Ireland economy competing on quality and value added. Our export performance shows we can compete effectively on the world stage and it is vital that we continue to build on our strengths.
"Increased export intensity requires greater emphasis on Research and Development and Innovation and I very much welcome the reported increase in innovation activity by Northern Ireland businesses. Employment growth needs to come from those sectors that have high export potential.”
She said: “There are however significant challenges still facing the Northern Ireland economy in terms of overcoming the persistent productivity gap and the over reliance on the public sector. As outlined in the Economic Vision we must not only seek to encourage higher levels of economic activity by growing private sector employment but ensure that such jobs are as productive as possible.
"In my new role as Minister for Enterprise Trade and Investment I will seek to ensure that Northern Ireland has the innovation, enterprise, skills and infrastructure to enable us to compete globally. This is also a time of tremendous opportunity for Northern Ireland and we must ensure the private sector becomes the engine of economic growth to deliver a more prosperous society for all.”
The Northern Ireland Economic Bulletin covers a range of topics such as the performance of the manufacturing, services and export sectors, recent progress in telecoms, innovation and renewable energy as well as developing entrepreneurship.
(EF/SP)
Related Northern Ireland News Stories
Click here for the latest headlines.
04 May 2022
'Significant' Increase In Waste Sent To Landfill In NI
The amount of waste being send to landfill year-on-year in Northern Ireland has seen a 'significant' increase, according to latest local authority collected (LAC) municipal waste management statistics published by the Department of Agriculture, Environment and Rural Affairs (DAERA).
'Significant' Increase In Waste Sent To Landfill In NI
The amount of waste being send to landfill year-on-year in Northern Ireland has seen a 'significant' increase, according to latest local authority collected (LAC) municipal waste management statistics published by the Department of Agriculture, Environment and Rural Affairs (DAERA).
28 September 2011
New Builds 'Key To NI Recovery'
It has been reported that house building is key to Northern Ireland's economic recovery. According to John Armstrong, Managing Director of the Construction Employers Federation (CEF) the new build housing sector is one of the key industries that can help turn round Northern Ireland's economic fortunes and create growth and employment.
New Builds 'Key To NI Recovery'
It has been reported that house building is key to Northern Ireland's economic recovery. According to John Armstrong, Managing Director of the Construction Employers Federation (CEF) the new build housing sector is one of the key industries that can help turn round Northern Ireland's economic fortunes and create growth and employment.
11 April 2007
Community Interest Companies for NI
A new type of company, a Community Interest Company, has been introduced in Northern Ireland, following the implementation of new legislation here.
Community Interest Companies for NI
A new type of company, a Community Interest Company, has been introduced in Northern Ireland, following the implementation of new legislation here.
14 November 2006
'Enterprise Week' seminar targets social economy
Invest NI continued its series of 'Enterprise Week' events today with a seminar targeted at the social economy sector. The ‘Social Economy Counts’ seminar recognised the important role that social entrepreneurs play in building the local economy and encouraging social inclusion.
'Enterprise Week' seminar targets social economy
Invest NI continued its series of 'Enterprise Week' events today with a seminar targeted at the social economy sector. The ‘Social Economy Counts’ seminar recognised the important role that social entrepreneurs play in building the local economy and encouraging social inclusion.
10 November 2005
Minister announces social economy funding
Social economy businesses are making a valuable contribution to the Northern Ireland economy and the sector must be developed further. That was the message today from Enterprise Minister, Angela Smith, as she announced a further £600,000 of funding for the Social Economy Network which will run from 2006-2010.
Minister announces social economy funding
Social economy businesses are making a valuable contribution to the Northern Ireland economy and the sector must be developed further. That was the message today from Enterprise Minister, Angela Smith, as she announced a further £600,000 of funding for the Social Economy Network which will run from 2006-2010.
-
Northern Ireland WeatherToday:A largely cloudy day with occasional rain. Turning drier and brighter for a time in the afternoon and feeling very mild. Light southerly winds becoming strong with gales later along the County Down coast. Maximum temperature 13 °C.Tonight:Cloudy with outbreaks of rain, these heavy at times. Strong southerly winds, with gales in the evening across eastern counties, becoming westerly later. Minimum temperature 8 °C.
