The latest PMI surveys highlight some noteworthy trends on the local, national and global economy from July 2017. This slide pack explores them in more detail.
Key highlights include: Continue reading
PMI
NI PMI: New order growth picks up in July
The latest Ulster Bank Northern Ireland PMI is out today. It indicates that solid growth of new orders fed through to a further increase in business activity in July. There were reports of success in securing new work from the Republic of Ireland amid sterling weakness, helping to boost total new business. Job creation was sustained, albeit at a more moderate pace, while inflationary pressures continued to ease.
Growth of construction activity in RoI remains elevated at end of Q2
Irish construction firms posted a further strong rise in business activity during June. This was despite an easing in the pace of growth, which mirrored a slowdown in the rate of expansion in new orders.
Employment continued to increase at a substantial pace, while business sentiment improved to a ten month high. The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – dropped to 58.2 in June from 63.6 in May, posting a sharp monthly rise in activity, albeit the weakest in four months. Total activity has now expanded in each of the past 46 months. Panellists reported improving demand, with the housing and commercial sectors highlighted as areas of growth.
Solid rise in output in June for Northern Ireland private sector
Today sees the release of June data from the Ulster Bank Northern Ireland PMI.
May 2017 PMI slidepack
The latest PMI highlights some noteworthy trends on the local, national and global economy from March 2017. This slide pack explores them in more detail.
Key highlights include: Continue reading
Rate of job creation hits 13 month high
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
