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.
This episode of #TalkingEconomix provides an outlook for 2016. Economists Richard Ramsey and John Simpson share their views on the global outlook, the outlook for the NI housing market, the outlook for businesses and the outlook for consumers.
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.
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.
The BBC Radio Ulster programme Inside Business focused on The Budget yesterday, with a panel including BBC NI Business and Economics Editor John Campbell; Professor Neil Gibson, Director of the NI Centre for Economic Policy; Eamonn Donaghy Head of KPMG’s Tax Practice in Belfast; and Richard Ramsey.
You can listen to a podcast of the programme here.