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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NI business activity returns to growth in May

Today sees the release of May data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – signalled returns to growth in both output and new orders during May amid reports of improved market conditions. Firms continued to take on extra staff as a result. Meanwhile, the rate of cost inflation accelerated to the sharpest seen in 2015 so far.

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