Sharp rise in new orders supports further growth of activity

PMI-1Today sees the release of October data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – indicated that the private sector remained firmly in growth territory, despite rates of expansion in output and new orders easing from the previous month. Firms continued to take on extra staff at a solid pace. Meanwhile, input costs rose sharply again and the rate of output price inflation quickened. Continue reading

New orders rise at fastest pace in year-to-date

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Today sees the release of September data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – signalled a further sharp increase in new orders at Northern Ireland companies, supporting the fastest rise in business activity in the year-to-date. The rate of job creation also accelerated. Continue reading

Northern Ireland’s television and online habits revealed by Ofcom

Ofcom has revealed Northern Ireland’s television and online habits in their latest Communications Market Report. The report, released on 3rd August 2017, provides an overview of communications services across Northern Ireland and monitors key trends in the availability and take-up of digital services across the United Kingdom.

Research was undertaken and included a face-to-face survey of 3,743 respondents aged 16+ in the UK, with 493 interviews being conducted in Northern Ireland across a range of ages, socio-economic groups, geographic locations and gender.

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Rate of job creation hits 13 month high

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Today sees the release of May data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – pointed to a pick-up in new order growth during May, supporting a further solid increase in output. The rate of job creation also accelerated as firms responded to current workloads and positive expectations around future new work. Meanwhile, both input costs and output prices rose at slower rates than in April. Continue reading

NI Economy: The key facts

ni economy.pngWe’ve all heard the oft-used phrase ‘the economy is the number one priority’. However, there is perhaps still a deficit in terms of public understanding of economic issues.  People perhaps don’t realise how far Northern Ireland lags the rest of the UK in terms of GVA (and the gap has been widening) or how much more Northern Ireland receives in public spending. Continue reading

SUVs get the Toblerone treatment

lexus-1938299_1280.jpgWe’ve heard of the Crane Count, the Cappuccino Index, and even the Big Mac Index – each an alternative means of examining and predicting trends in the economy. But analysing the local carpark is perhaps an even more insightful way of understanding the various forces impacting on consumers, companies and economies, from geopolitics to the price of a barrel of oil and movements in the exchange rate. In many respects, the car park is a microcosm of the economy, and having a look at what people use to get themselves from A to B can tell us more than economists’ spreadsheets and even Bank of England briefings. Continue reading