Output falls at fastest pace since May last year amid COVID-19 lockdown

Today sees the release of January data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – indicated that the Northern Ireland private sector moved deeper into contraction territory at the start of 2021 amid a further coronavirus disease 2019 (COVID-19) lockdown. Meanwhile, inflationary pressures continued to strengthen, largely as a result of higher shipping costs.

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Decline in activity softens, while employment nears stabilisation

Today sees the release of December data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – signalled that the Northern Ireland private sector remained in contraction, but rates of decline in output, new orders and employment all softened. Meanwhile, inflationary pressures strengthened.

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Output falls at faster pace amid COVID-19 restrictions

Today sees the release of November data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – indicated that lockdown restrictions in order to contain the spread of the coronavirus disease 2019 (COVID-19) pandemic resulted in declines in output and new orders. Employment also decreased, while inflationary pressures strengthened.

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Output stagnates as new orders continue to fall

Today sees the release of October data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – signalled a stagnation of business activity across the Northern Ireland private sector as new orders fell again. Firms also continued to scale back staffing levels. Meanwhile, rates of inflation of both input costs and output prices quickened.

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Output continues to rise modestly at end of third quarter

Today sees the release of September data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – showed that business activity continued to increase as new orders broadly stabilised. That said, sharp reductions in employment were recorded again. On the price front, companies raised their charges for the first time in three months in response to higher input costs.

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Activity increases, but new orders take a step back

Today sees the release of August data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – indicated that although business activity increased for the second month running, the rate of expansion softened amid signs of a stalling in the recovery in new orders. There remained further evidence of spare capacity, which led to a sharper reduction in employment. The rate of cost inflation quickened, but firms lowered their selling prices to try and attract new business.

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Business activity returns to growth in July

Today sees the release of July data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – showed that companies in Northern Ireland increased their output amid signs of a recovery being underway following sharp falls earlier in the year. New orders also returned to growth, but employment continued to decline and firms were often required to lower selling prices in order to secure new work.

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Rate of decline in activity slows sharply in June

Today sees the release of June data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – indicated that the Northern Ireland private sector continued to be impacted by the coronavirus disease 2019 (COVID-19), seeing further reductions in output, new orders and employment. That said, rates of decline softened amid a loosening of lockdown restrictions.

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