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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Severe declines in output and new orders recorded in April

Today sees the release of April data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – pointed to a severe contraction of the Northern Ireland private sector, and one that was by far the worst since the survey began in August 2002. Output and new orders were particularly badly affected amid company shutdowns, while confidence around the 12-month outlook continued to fall.

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COVID-19 leads to record fall in business activity

Infographic on the findings of the March 2020 Ulster Bank NI PMI

Today sees the release of March data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – indicated that the global coronavirus disease 2019 (COVID-19) pandemic caused a steep contraction in the Northern Ireland private sector, with both output and new orders falling at the sharpest rates since the survey began in August 2002. Companies reduced staffing levels substantially, while business confidence slumped.

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Slightly sharper fall in activity in February

Today sees the release of February 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 territory, and saw rates of decline in output and new orders quicken slightly from the start of the year. Business confidence also softened. One bright spot, however, was employment which increased for the third month running and to the greatest extent since November 2018.

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