Today 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
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
Charity leaders have expressed significant concern about the current political situation in Northern Ireland and the prospect of direct rule. Continue reading
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.
The political impasse has been hitting third sector organisations hard, a new report suggests.
The Ulster Bank & CO3 3rd Sector Index points to a near-doubling in the number of charities reporting a reduction in their government funding – from 17% last quarter to 32% now. Continue reading
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
Today we release the annual Ulster Bank Ulster Fry Index. It shows that the price of items making up a cooked breakfast have increased by 2.8 percent in the last 12 months, based on the Consumer Prices Index (CPI). Continue reading
We’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
We’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