Output growth eases again in February, but remains solid

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Today sees the release of February data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – signalled further solid growth of output during February, despite the rate of expansion easing further from the high seen at the end of last year. Both new orders and employment rose at sharper rates, with growth of each broadly in line with the UK average. Meanwhile, inflation of both input costs and output prices remained elevated. Continue reading

Surge in NI exports, but private sector only sees marginal growth

Today sees the release of October data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – signalled that business activity returned to growth, although the rate of expansion was modest as total new orders were largely unchanged in spite of a substantial increase in exports. Export orders were supported by the weakness of sterling, but this also had the effect of pushing up input costs which rose substantially. Continue reading

Podcast – latest labour market and output figures

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A raft of economic data was released today covering the labour market as well output figures. The figures are broadly positive – not least the fact that the number of people claiming unemployment benefit has fallen.

However, there are a number of challenges – notably the fact that the number of people claiming other benefits is actually rising by as much as the number of people claiming unemployment benefit is falling. Listen to our podcasts to hear more.

Labour market figures

 

Output figures

Output declines for first time in 15 months

Ulster Bank Northern Ireland PMI infographic July 2016

Today sees the release of July data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – signalled that the month following the UK’s vote to leave the EU saw declines in output and new orders in Northern Ireland. The weakness of sterling following the referendum also led to a sharp acceleration of cost inflation. On a more positive note, employment continued to increase and companies were able to secure greater new export business. Continue reading

Demand for 3rd sector services rises despite funding pressures

Infographic about the Ulster Bank and CO3 3rd Sector Index Q2 2016

The latest Ulster Bank & CO3 3rd Sector Index is released this morning. It is a survey of leaders of bodies such as social enterprises, charities, and community organisations.

Amongst its key findings are that:

  • Almost one-third (29 percent) experienced a further decline in government funding
  • A further 59 percent said that they experienced no change, which equates to a real-terms decline.
  • One-in-four said their organisation is vulnerable to cash-flow issues
  • 65 percent saw demand for their services increase
  • 23 percent say their organisation increased headcount

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Output growth eases to nine-month low

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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 Markit – pointed to the economy remaining in growth territory, although the rate of expansion in business activity slowed for the second month running as new orders were broadly unchanged. Employment also increased at a weaker pace during the month.

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PMI: Growth of new work at nine-month high

Graphic showing that the Ulster Bank NI PMI has seen growth in new business at a 9-month high in June

Today sees the release of June data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – indicated that output growth was maintained as new orders rose at an accelerated rate. Increased new business led to a build-up of outstanding work, but the rate of job creation eased. Meanwhile, cost inflation moderated and companies raised their output prices for the first time in ten months.

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